Tag Archives: Hindsdale divorce attorney

IL family lawyerDivorce is usually a time of drastic changes. Everything from your normal breakfast routine to where you sleep at night goes out the window during divorce. For many couples, selling the home becomes a necessity to manage finances. As the two spouses split up and live in different locations, paying the mortgage on top of rent becomes unmanageable, particularly when the two parties have to pay separate utilities and a plethora of other expenses that used to be shared. In fact, 61 percent of divorced couples end up selling the home. However, not all soon-to-be divorced couples sell the home, and in some cases, this is the best decision if at all possible.

If You Have to Sell the Home

Finances or moving out of town are two of the most common reasons that divorced couples sell their home. Selling the home can provide the best way to split the value of the property during division of assets, can allow both parties financial footing to start off anew, and can minimize stressful costs by getting rid of an expensive mortgage. After all, if one party ends up owning the house, they may not even be able to cover the mortgage by themselves. If you are selling your home during divorce, make sure to follow the tips below:

  • Discuss the full plan with your spouse before taking any other actions, as well as the pros and cons of selling or staying;
  • Divide the costs of cleaning, maintenance, renovations, and any other repair work evenly or at least keep close track of the costs;
  • Choose a realtor together;
  • Keep dialogue open with your spouse during the sale;
  • Hire an attorney before the sale goes through; and
  • Divide the assets. Marital property in Illinois is divided equitably.

Choosing to Keep the Home

For parents who can afford to keep the home, the stability that brings to your children may outweigh any other positives that selling the home has to offer. Additionally, older divorces may benefit by holding onto a home that they own outright. After all, late-life divorces are much more common now than in the past. In 2014, Americans over the age of 50 were twice as likely to get divorced than 50-plus-year-old Americans in 1990. For divorcing couples that choose not to sell the home, they, along with their attorneys, need to figure out an equitable way to divide assets, since the home (usually) cannot continue to belong to both parties. And, if there is a mortgage left to pay, the spouses must reach a decision on who is responsible for paying what. In some cases, the spouse who no longer lives in the home may be responsible for paying part of the mortgage.

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IL divorce lawyerWhen a marriage ends in divorce, it involves a series of difficult decisions, not the least of which are the decisions regarding property division. It would be more comfortable and less time consuming if a couple were able to discuss the matter amicably. However, many couples cannot agree when it comes to dividing property, assets, and debts. If you are unable to reach an agreement, a judge will do so for you. A judge will make their decision after weighing the following factors:

Marital vs. Non-Marital Property

Any property acquired during the tenure of the marriage is considered marital property. Illinois courts do not have jurisdiction over the non-marital property, which is any property earned or otherwise accumulated before the union began. After determining marital property, the judge then divides it into what is considered “fair and equitable.” Fair and equitable is not to say that the property splits equally, but rather by what is a “just proportion.” Prime examples of property not included in marital property are:

  • Property owned by a spouse before the marriage,
  • Anything received by one spouse by gift or inheritance, and
  • Restrictions based on a prenuptial or postnuptial agreement.

The Family Home

One of the most significant purchases a couple makes together is the family home. Since both parties are often significantly invested either through time, money, or improvements, it is complicated to determine a fair and equitable split. Common outcomes include:

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IL divorce lawyerAfter a divorce, you may enter the dating world and meet someone special. If you have children, you are likely wondering when and how to introduce a new partner to them after a divorce. Since the way you introduce them may impact your future and whether or not your children approve of your partner, it is important to follow these rules.

Time the Introduction Properly

Be careful of when you introduce your children to your new partner. Make sure that you truly know your partner and have had enough time to determine whether your relationship is a short fling or a long-term commitment. If you are confident that your partner will be in your life in the future and your children have adjusted to your divorce and moved passed the anger and sadness stage, you can introduce them to your children.

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IL divorce lawyerAfter a divorce, one or both spouses may wish to relocate. Whether they do so because they landed a new job, would like to be closer to their side of the family, or simply want a fresh start, it is important to take their child’s best interests in consideration. Let’s take a closer look at what to do if you are planning on relocating with your child after divorce.

A Written Notice

If you are interested in relocating with your child, you must provide the other parent with a written notice. If possible, the notice should be given to them at least 60 days before you plan to move. In the event 60 days is not an option, as soon as possible will do.

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IL divorce lawyerWhen a married couple decides to get divorced, their largest concern is usually related to their children. They likely worry about how the end of their marriage will impact their children and hope that their children can adapt to a new lifestyle with minimal issues.

In addition, divorcing parents wonder how to break the news of their divorce to their children. If you are getting divorced and are unsure of how to tell your children, these tips are sure to help.

Tell Children Together

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phone 630-920-8855
address15 North Lincoln Street, Hinsdale, IL 60521
phone 331-588-6611
address21 North 4th Street, Geneva, IL 60134
Our firm handles family law and personal injury matters for clients in Chicago and throughout the western suburbs including DuPage County, Will County, Kane County, Cook County and the cities of Aurora, Bloomingdale, Bolingbrook, Burr Ridge, Carol Stream, Darien, Downers Grove, Elmhurst, Glen Ellyn, Hinsdale, Joliet, Kendall County, Lombard, Naperville, Oak Park, Oak Brook, Oakbrook Terrace, Clarendon Hills, Oswego, Park Ridge, Roselle, St. Charles, Geneva, Villa Park, Warrenville, Wheaton, Western Springs, LaGrange, Winfield, Woodridge and Yorkville.

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