Tag Archives: Hindsdale divorce attorney

IL divorce lawyerWhile many couples think they know just about everything regarding the other party before they get married, there are often some big surprises that get revealed after a bride and groom say their vows. Everyone has bizarre, and typically harmless, habits that they either keep under wrap early in a relationship or unconsciously avoid doing around others. However, some individuals have more damaging habits, addictions, and ways of living than is good for them, or their spouse. One of these is compulsive spending. Compulsive spending and the financial strain that it causes on a relationship can ruin a marriage. A family law attorney may provide an option for you before it comes to this, however.

What Is Compulsive Buying?

It is reported that six percent of the U.S. population has compulsive buying behavior, which is not a diagnosable disorder but certainly derives from a serious behavioral issue. Compulsive buying or spending is more common in women — 80 percent of people with compulsive buying are women — though with online shopping it is expected to increase in the male population as well. Compulsive buying is characterized by an obsession that compels the individual to continue a repetition of behavior (buying unnecessary things) even though there are obvious adverse consequences, such as not being able to afford necessities, credit card debt, going into bankruptcy, and getting divorced.

How a Postnuptial Can Help

According to a number of surveys, financial fighting between spouses is the leading or secondary contributor factor in divorce, with 41 percent of Generation X spouses reporting that they got divorced because of disagreements about money. Nearly half of married and cohabiting couples argue about money, with the majority of the arguments involving a spouse saying that the other spends too much, or a spouse that says that the other is too stingy. Other fights are common, such as whose responsibility it is to pay the bills or what the couple’s financial goals are. A postnuptial agreement can help resolve these conflicts by cutting money disagreements out of the marriage altogether.

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IL divorce lawyerThe news of divorce spreads quickly among close friends and family members. Some may breathe a collective sigh of relief, happy that you came to this positive decision. Others may be left in shock, never realizing that anything in your marriage was wrong in the first place. During this intensely personal experience, some couples struggle to keep their friends and family out of their divorce. However, it can be crucial to the success of the divorce to do just that. Family and friends may want what is best for you, but that is not always the case with your spouse’s side of the family and his or her friends. Furthermore, family and friends can inadvertently push you in one direction, making your ability to see clearly and make compromises more difficult.

Friends Will Choose Sides

Mutual friends of the spouses often end up choosing sides at some point, particularly if it is decided that one of the spouses “single-handedly” ruined the marriage, such as by having an affair. The last thing that either spouse needs is to lose valuable friends at this time in their lives, and by involving friends in the divorce, that is likely to occur. Furthermore, a friend that never got along with you or your spouse may cause one of the spouses to have even more negative views of the other. This compromises the spouses’ abilities to work together to come to a center ground or to successfully dissolve the marriage out of the courtroom.

Family Members May Cause Added Stress and Push Their Own Agendas

Poor relationships with inlaws is one of the leading causes of divorce. In fact, 60 percent of married women report have a sustained stressful relationship with their mother in law, while 15 percent of married men say the same. Another study found that when men have a close relationship with their parents in law, their risk of divorce is reduced by 20 percent. The exact opposite is true for married women; married women who reported having a close relationship with their in-laws were at a 20 percent greater chance of getting divorced.

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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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address15 North Lincoln Street, Hinsdale, IL 60521
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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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