Although Illinois courts will do everything possible to ensure a fair and equitable resolution to a divorce, your finances will always be affected to some degree when marital assets are divided between you and your spouse. As you prepare to move forward with your life as a single person, it is important to make a plan to recover financially and ensure that you can support yourself and your children well into the future.

Strategies for Achieving Financial Stability

Securing your financial situation can start before your divorce and continue throughout the rest of your life. The approach you take may depend on whether or not you have any children. Some helpful suggestions include:

Divorce can be difficult for anyone, but it may be especially devastating for stay-at-home parents, who devote their time and energy every day to the care and well-being of their family. As a stay-at-home parent, you may be concerned about how the divorce will impact your children, as well as how you will support yourself without the income of your spouse. As you prepare for your divorce and life moving forward, it is crucial to identify your priorities so that you can focus your efforts on the issues that are most important to you.

Divorce Issues Affecting Stay-at-Home Parents

Certain aspects of the divorce process may be especially important for stay-at-home parents. You may find it beneficial to keep the following at the forefront of your mind:

Arguments over finances are a contributing factor in many divorces, and when money is already a contested issue, it can be concerning to consider that you and your spouse will have to divide your assets and debts as part of your divorce resolution. However, you may find it reassuring that not all property belonging to you or your spouse is subject to division. In Illinois, anything that is considered non-marital property will most likely stay with the person to whom it belongs.

Identifying Non-Marital Property

While you might take comfort in knowing that you can hold onto your non-marital property during your divorce, it can be a challenge to determine which assets and debts are considered non-marital. Under Illinois law, properties that are often defined as non-marital include:

The holiday season is often a time of family traditions and togetherness, and while it can bring great joy, it can also be hard for anyone who has recently gone through a divorce. Going from being married to being single is a major life transition, and it can take time to adjust to this new lifestyle. The thought of celebrating without your whole family intact can be sad and overwhelming, but as the 2020 holiday season approaches, it may help to consider some suggestions that can make it easier to bear, and maybe even help you enjoy the holidays again with new traditions.

Suggestions for Managing the Holidays After Divorce

There is no denying that the holidays will look different after your divorce, but that does not mean they have to be something you dread. You can better prepare yourself for the holiday season by considering the following advice:

The decision to initiate a divorce is usually not one that happens overnight. In many cases, it comes after a long period of marital troubles and dissatisfaction, and the longer you put it off, the more challenging it may be to broach the subject. However, it is not possible to start working toward the future without first telling your spouse of your intentions. If you have decided that a divorce is your best option, you should think carefully about how to approach this difficult conversation before you begin the legal proceedings to end your marriage.

Tips for Starting the Conversation About Divorce

The first conversation with your spouse about divorce can set the tone for the entire process. A heated argument can make things more difficult in the long run, but a rational discussion can give you a better chance at a cooperative resolution. Here are some tips for telling your spouse that you want a divorce:

Spousal support, also known as maintenance or alimony, is often an important element of an Illinois divorce resolution, especially for stay-at-home parents and anyone with significantly lower income or earning potential than their spouse. However, it can also be a major point of contention if your ex is resentful about having to pay support, and arguments can last well after the divorce is finalized if he or she fails to make the required payments on time. If your former spouse is regularly late in making payments that you rely on, you should work with an attorney who can help you pursue enforcement.

Spousal Support Enforcement in Illinois

The terms of a divorce agreement filed in court are legally binding, so as long as the original agreement includes a spousal support order, you have the option to pursue legal enforcement after your ex’s late payments. In some cases, it may be best to notify your former spouse in advance that you intend to pursue legal action, as this on its own may be enough to convince him or her to make the required payments.

However, if your ex still fails to pay despite your best efforts, your attorney can help you file a Petition for Rule to Show Cause asserting that your ex-spouse has failed to follow a court order. Your petition should clearly identify the terms of the divorce agreement that your former spouse has violated, and you should be prepared to present evidence of the failure to pay, including your financial statements and records of communication with your ex.

Divorce is rarely easy for either party given the major life changes it brings and the potential for emotions to run high, but the good news is that most divorces are able to be resolved through a settlement agreement. When settlements are successful, couples can avoid facing the time, costs, and publicity associated with a divorce trial. Just keep in mind that if you choose to pursue the settlement approach, it is still important to come prepared for negotiations, and that starts with understanding what to expect from a settlement conference.

Important Things to Know About a Divorce Settlement Conference

As you begin the divorce process, the more you know about settlement conferences in advance, the less likely you are to be surprised by the unexpected. Some important things to keep in mind include:

When you have children, getting a divorce can be especially difficult not only because of the emotional impact on the whole family but also because you will need to consider your children’s best interests along with your own when making many important decisions. However, with some effort and flexibility, it is often possible to reach an agreement on your Illinois parenting plan that works for you, your children, and your ex-spouse.

Factors to Consider in Your Parenting Plan

A healthy family dynamic is possible after divorce, but both parents must be willing to compromise. Your best chance at establishing a collaborative agreement on parental responsibilities and parenting time that meets everyone’s needs is to consider factors including:

If you own a business prior to getting married, it is only natural that you would think about how your marriage will impact your business assets and operations, even in the happiest and healthiest of relationships. You have likely invested significant time, money, and effort into building the business up to its current state, and want to ensure it remains in good hands throughout your marriage and in the event of a future divorce. One way to protect your business assets is to pursue a prenuptial agreement with your soon-to-be spouse.

Benefits of a Prenuptial Agreement for Illinois Business Owners

Though it may be difficult to broach the subject of a prenuptial agreement with your partner, failing to be upfront with your needs can lead to problems in your marriage later on. An open discussion about finances can clarify where each of you stands and may help you both feel more comfortable about your marriage. For business owners, a prenuptial agreement offers several benefits, including:

Whether you are getting a divorce or you are an unmarried parent, child support is an important concern. Of course, you will want to ensure that your children’s basic needs, including food, clothing, and shelter, are provided for. However, raising kids can often include additional expenses for which you may want contributions from the other parent. When you are negotiating or determining a child support agreement, you should think beyond the basics to consider all of these costs that are necessary to maintain your children’s quality of life.

Special Expenses to Consider in Your Child Support Calculations

When calculating child support obligations, the State of Illinois considers the children’s physical and emotional condition, educational needs, and the standard of living the children could have expected if their parents were together. Ensuring that payments meet these standards often requires the inclusion of more than just basic needs. Other common expenses that can be covered through child support include:

When you make the decision to get a divorce, the financial implications can be just as important as the emotional implications, especially when it comes to your retirement savings. Contributions to a retirement account during your marriage are almost always considered marital property and are therefore subject to division between you and your spouse if you choose to end your marriage. With this in mind, you need to prepare for the possibility that your personal retirement assets will decrease and understand how to properly divide your accounts to avoid excessive tax penalties.

3 Common Types of Retirement Accounts in a Divorce

In an Illinois divorce, 401k accounts, Roth IRAs, and pensions are all considered in the division of assets, but each type of account involves its own unique considerations to ensure the distribution is handled properly.

Deciding to get a divorce is a delicate and difficult matter. It is a decision that usually comes with careful consideration, deliberation, and thought. Although most people do not go into marriages thinking that it will end in separation, in some cases it is for the best. However, the divorce process alone can cause anxiety and uncomfortable feelings. The stress associated with this major life transition can sometimes feel overwhelming and all-encompassing. Acute anxiety may sometimes be helpful when it comes to big projects or public speaking by queuing to the body that there is something important happening, which often makes a person rise to the challenge. On the contrary, prolonged stress is not good for the overall health of the mind and body. The following are some practical tips for managing your emotional and physical well-being during your divorce proceedings. 

Taking Control of the Situation

The divorce process involves issues such as property division and the allocation of parental responsibilities if you have children, which can be daunting and difficult to navigate at the time. Here are some helpful tips to help your mind and body maintain wellness during the divorce process:

Having a dog is an integral part of many family dynamics these days. Pets are there to offer comfort, provide companionship, give unconditional love, and more. They often become near and dear to the hearts of all family members. You may have heard the saying, “Dogs are a man’s best friend,” but what if they are a woman’s best friend, too? When it comes to divorce and allocating responsibility of the pet, things can become complicated. With more and more families opting not to have children, the custody of the family pet can be an especially important issue in an Illinois divorce.

Pets Are More Than Just Property

The connection to pets runs deep, and it can be traumatic for any dog owner who is faced with the idea of separation. In the past, according to the Illinois Marriage and Dissolution of Marriage Act, the division of a pet was classified under property and treated as such. Some pet owners considered this to be a somewhat cold approach, and therefore they fought to change this. Since January 1, 2018, a new law was put in place that allocated judges to consider the best welfare of the pet when contemplating which spouse should be awarded custody. This new legislation treats the allocation of pets more like deciding the custody of a child rather than the division of property.

Domestic violence is a serious issue that unfortunately affects many people. It is defined as a pattern of behaviors used by one partner to maintain power and control over another partner in an intimate relationship. According to the Illinois Domestic Violence law, this occurs when a person hits, kicks, chokes, harasses, threatens, or interferes with the personal liberty of a household or family member. If you or someone you know is considering leaving an abusive partner, it can take careful planning. That is why it is imperative to hire a skilled divorce lawyer to protect your rights and advocate on your behalf. 

Create Boundaries and Barriers

Leaving an abusive relationship can seem like an extremely daunting task. Typically, the alleged abuser has convinced his or her partner that they will be unable to live without each other. This is simply not true and is used as a scare tactic to maintain control over the relationship. Getting out of your marriage is crucial in instances when your well-being is at risk. Your first priority should be to seek safety for yourself and your children if you have any. 

Many struggles have accompanied the COVID 19 health crisis. Whether it be limited access to food, job loss, reduction of income, or isolation, it is safe to say that the past several months have been a hard time for everyone. However, if you are living with your soon-to-be ex-spouse, it can be even more difficult. If the pandemic hit right when you were thinking about getting a divorce, it could be that plans to legally end your marriage have been put on hold for various reasons.

Navigating the Proceedings Together

If you and your spouse are on OK terms, living with one another during the divorce proceedings can be a rather amicable experience. Since going through this pandemic can be a bit stressful, and perhaps isolating, it may be nice to have someone there for the company. But if that is not the case for you, it can be frustrating to cohabitate with someone you do not get along with.

Divorce can require you to do a number of things that you likely never expected when walking down the aisle. If you have children, your primary concerns are probably focused on creating a healthy and fair parenting plan. For those who have a family business, you may be concerned about how this will be divided between you and your spouse. Some of the divorce determinations may be unique based on your family’s circumstances, but one area that every divorce requires to be addressed is the division of marital property. Whether you have been married five months or five years, anything accumulated during that time is considered marital property and must be divided equitably according to Illinois state law. Many couples’ largest asset is the home that they have built together and it can be the most difficult belonging to “divide.” Since an apartment or house cannot physically be cut in half, there are other means that can be taken to determine what is fair.

What Is an Appraisal?

In order to properly determine the current value of your home, one should seek out a professional who specializes in such work. The price at which you bought your home is unlikely to be its current value and looking at the cost of homes in your neighborhood is not enough for a true estimate. An appraisal provides homeowners with the value of their home based on prices in the area and the features of your house. An appraiser will come into your home to complete an inspection of the property. They will look at all of the work you have put into your home and all of the features that elevate its value. The professional will then factor in recent sale prices of homes in your area and use both numbers to provide you with the true market value of your home. 

If you are a parent considering divorce, you probably have a million questions swirling through your head. Who will be the primary caregiver of my children? How often will I see them? Where will my kids live and how long will they be at each house? Imagining carting your children between two homes can seem unfair and difficult, especially for kids who are old enough to have homework, after-school activities, and friends to see on the weekends. It can feel as if their lives are always in transition between one home and another. A recent phenomenon has caught the attention of divorcing parents who might be concerned about this two-home lifestyle for their children. Before making decisions about what will happen to the family home and how your children’s time will be divided between you and your ex-spouse, learn about a new option many families are considering: Nesting.

One Home Sweet Home

What most families will do once their divorce is finalized is have one parent remain in the family home as the primary caregiver while the other finds an apartment or alternative living space where the children can visit based on their parenting plan. The two separate living spaces can be beneficial for former spouses, but it can be difficult for kids to live between two homes. Nesting is a modern alternative that many co-parents have begun to consider in the weeks or months following their divorce. Rather than having the children come to the parents, the parents come to the children. One parent will keep the family home and the kids will continue to live there full-time and each parent will stay at the house when it is his or her scheduled time with the children.

No one likes to imagine the worst-case scenario, but in some cases, it can be helpful. When a couple gets married, they can choose to plan ahead in case the relationship deteriorates and ultimately ends in divorce. A prenuptial agreement (prenup) is a legally binding document that outlines how various marital issues will be handled should a couple decide to terminate their marriage. In order to be valid, the terms must be put in writing and signed by both spouses. It states who gets the rights to what property in case a legal separation or divorce were to occur. Previously thought to be appropriate only for those with significant assets or in second marriages, prenups have gained popularity in the past few years. However, it is important to understand what elements a prenup can include and factors that could make it invalid.  

What Issues Does a Prenup Address?

A premarital agreement can include several issues and it can be modified at any point during the marriage if a couple so chooses. Any amendment to it must also be in writing and signed by both parties. Spouses can revoke the prenup entirely, but both of them have to agree to cancel it by stating their intentions in writing and signing it.

Here are a few of the typical terms that are in a prenuptial agreement: 

There is no denying that a divorce can be a complicated process. The legal dissolution of a marriage is not simply signing a piece of paper. Decisions about important issues need to be made, including how a couple’s assets and property will be divided. In some situations, spouses may have complex or high net-worth assets, including a family business. It can be difficult to determine how to handle the company’s ownership after the divorce, especially if both spouses are active in running the day-to-day operations. There are several options when it comes to dividing this intangible asset. Regardless, it is important to hire a knowledgeable divorce attorney to help protect your rights. 

The Equitable Distribution of a Company

According to Illinois law, marital property is subject to equitable distribution. This means that any assets or property acquired during the marriage will be divided fairly but not necessarily equally in half, or 50/50. Some couples may create a prenuptial agreement to decide ahead of time how to disperse marital assets in case they get divorced. Some couples may choose to sell the business, continue to jointly own it, or buy out their share.

When considering what happens to a business, if one spouse started a company before he or she got married, the business may be considered non-marital or separate property. In other cases, one or both spouses may have opened a store or launched a business together after they took their vows. In these instances, the business would likely be classified as marital property. 

When two people get married, they rarely think at the time that they might get divorced. However, statistics show that 40-50 percent of all U.S. marriages end in divorce. In some cases, a couple may be married for three years and split up after one spouse has engaged in an extramarital affair. In other situations, partners who have been together for 20 or 30 years may realize they have nothing in common after their kids leave and they find themselves “empty nesters.” Regardless of how long a marriage lasts, some of the same issues will need to be addressed before spouses can legally terminate their marriage. There are several characteristics that can make a divorce complicated when it comes to making determinations in how the marital estate will be divided.   

Child-Related Issues 

With multiple issues to resolve, a couple may have trouble agreeing on certain matters. This can include child-related issues if they have young kids, such as the allocation of parental responsibilities (child custody) and parenting time (visitation). Both parents may want to have equal decision-making authority and spend as much time with their children as possible. If spouses cannot agree on an arrangement, the court will intervene and make a decision based on the best interest of the children. Co-parenting can be especially difficult when spouses harbor resentment or anger toward each other. 

Division of Assets 

One of the most contentious aspects of a divorce is the division of the marital estate. Splitting up property and assets can cause many disputes. Illinois is an equitable distribution state, which means marital property is divided in a fair way but not necessarily completely in half.