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6 Signs Your Spouse May Be Hiding Assets in Your Illinois Divorce
In any divorce, a couple will have to go through a legal process before the marriage is legally terminated. These proceedings involve many different decisions, especially when children are involved or there is a significant amount of assets. In the state of Illinois, marital property is divided using the equitable distribution method, which means items are split fairly but not necessarily 50/50. Full disclosure of assets is necessary in order to properly divide the marital assets. If one spouse is hiding or wasting a portion of the marital assets, this can negatively affect the property awarded in the divorce settlement.
How to Have Quality Parenting Time After Your Illinois Divorce
Getting a divorce can be one of the most difficult decisions of someone’s life. In some cases, couples may put it off if they have children because they cannot bear the thought of not seeing their kids all of the time. Parents also might worry about the negative impact the split may have on the children. However, studies show that youngsters are resilient and often handle major life transitions better than adults. Also, if spouses are unhappy, constant conflict and arguing in front of the kids does not do anyone any good, causing a lot of stress and anxiety. Learning to share parenting time can be challenging, but an experienced attorney can help you and your ex-spouse achieve a co-parenting arrangement that works for everyone.
Important Considerations When Getting Remarried in Illinois
Although many people who enter into marriage believe it will last their lifetime, that is not always the case. A couple may choose to get divorced for many reasons, such as infidelity, financial problems, mental illness, or simply because they grew apart. In some cases, they may have gotten married very young and as they matured, realized that they did not have anything in common or their interests or goals were not aligned. Some older couples may come to this realization after they raised their children and are empty nesters. Regardless of when you end your marriage or your age, you can find love again. In these situations, you may want to make your relationship legal by getting remarried. Even though you have been through it before, a remarriage can present its own set of challenges, especially if you have children. Talking with an experienced Illinois family law attorney can help make sure your rights are protected this second time around.
The Advantages of an Uncontested Divorce in Illinois
When people hear the word divorce, they might automatically think a couple is fighting to the bitter end with a lot of drama and chaos. Although that can be the case, it is possible for some couples to end their marriage amicably and without conflict. This can be especially important when children are involved, since they may have a difficult time understanding why their family unit as they know it is over. Regardless, there are still many decisions to make in an Illinois divorce. In an uncontested divorce, couples do not have to go to court to resolve these issues.
Retains a Level of Control and Privacy
As is the case in most other states, an uncontested divorce in Illinois means a dissolution arrangement in which both spouses agree to divorce without objections. Both spouses generally accept the major terms, and there is no need to hash out the details in court and have a judge make the determinations in a public forum. A few of the main terms that need to be negotiated by couples before a divorce is finalized include:
What Are the Steps for Modifying an Illinois Divorce Order?
When going through a divorce, a couple may think once they sign the final paperwork, everything is set in stone. However, that may not necessarily be the case. Situations and circumstances can change down the road, which can mean an existing divorce order is not appropriate anymore. In Illinois, the usual type of orders are outlined in a parenting plan, and they cover issues such as spousal maintenance, allocation of parental responsibilities (child custody), child support, and parenting time (visitation). The COVID-19 pandemic has affected many people, with some experiencing reduced work hours or a job loss. These circumstances may warrant a change to an existing divorce order.
How Is Spousal Maintenance Used in an Illinois Divorce?
Although all divorces may have some things in common, each case is unique depending on the couple. Some spouses mutually agree to legally end their marriage while in other cases, one partner is blindsided by the breakup. Typically, there are several issues that must be addressed before the divorce is considered final. According to Illinois law, marital property is subject to equitable distribution, which means possessions are divided fairly but not exactly 50/50. This also includes any outstanding debt the couple may have acquired throughout their marriage. Another aspect that is considered is whether one spouse is entitled to spousal maintenance or support, which is also known as alimony. Financial support of this nature allows one party to maintain a certain standard of living after the divorce until he or she can secure employment and become financially independent.
What Documents Need Updating After an Illinois Divorce?
Although many people find love in their lifetimes, not all couples live happily ever after. The most recent census data and statistics show that approximately 40 percent of all U.S. marriages end in divorce. Whether you were married for a few months or a few decades, you may still have the same issues to determine. One of the most important aspects of any divorce is determining who gets what once the papers are signed. In some cases, spouses may agree to divide their assets on their own. In other scenarios, a couple cannot reach a mutual decision and therefore the court gets involved, with a judge making a determination based on the equitable distribution method, which means marital property is split fairly but not necessarily in half. Once the divorce decree or settlement is finalized and you and your spouse part ways, it may be necessary to update important financial and healthcare documents.
What Are the Signs of Parental Alienation in an Illinois Divorce?
Although most people enter into marriage thinking it will last “til death do us part,” not all unions make it that far. Whether a couple has simply grown apart or infidelity played a role, spouses may choose to legally end their marriage. In Illinois, the only reason for divorce is “irreconcilable differences,” which basically means the relationship has suffered an irretrievable breakdown and there is no hope for reconciliation. If a couple has children together, there are many issues that will need to be resolved before the divorce is final, including the allocation of parental responsibilities (child custody) and parenting time (visitation). Co-parenting can pose its challenges even when ex-spouses get along well, but it can become downright combative if you and your ex harbor bitterness or anger toward each other. These feelings often end up being manifested through the children in what is called parental alienation syndrome.
What Are the Advantages of “Nesting” in Illinois Divorce Cases?
The reasons for divorce vary, from infidelity to lack of common interests to substance abuse and domestic violence. Regardless of why a couple decides to part ways, if they have children, the spouses will be somewhat connected for years to come whether they like it or not. Co-parenting can have its challenges, especially during these trying times. “Birdnesting” or “nesting” in a divorce or separation occurs when parents take turns staying in the family home. Rather than making the children travel back and forth between two households, the kids stay put and the parents trade off being in the home for their scheduled parenting time. This type of arrangement can help children cope with the divorce and alleviate some of the stress commonly associated with this major life transition.
Tips for Co-Parenting During the Holidays in a Pandemic
Figuring out how to co-parent after your Illinois divorce can be challenging to say the least, especially during a pandemic. Our way of life has changed dramatically since last March when many states issued stay-at-home orders to stop the spread of the highly contagious coronavirus. Non-essential businesses were closed, and students have been e-learning from their homes. Although employees in certain industries may also be able to work from home now, our new normal presents different challenges. For example, parents of younger children might have a hard time monitoring their online activities if they have to participate in teleconferences or Zoom video calls during the day for their jobs. With the upcoming holidays, kids will be on extended breaks from school, so that means divorced parents will likely have to figure out new co-parenting arrangements.
Introducing The Law Office of Nicholas W. Richardson
Nicholas W. Richardson is an experienced divorce lawyer and mediator whose comprehensive legal knowledge, commitment to clients and reputation for results bring lasting solutions to your problems.