When you go through a divorce, one of the major changes will be your financial situation. If you and your spouse both work, you’ll lose one source of income following your divorce in most cases. If you earn less, there may be an opportunity to seek support from your...
Divorce
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The top 5 reasons why people divorce
If your marriage is going through a rough patch, you may wonder if it is the beginning of the end or a minor blip in the road. Taking a look at why other couples divorce cannot tell you what to do, yet it may provide some pointers. A recent study attempted to shed...
What are your options for the house when you’re getting a divorce?
The biggest material asset that most couples own is their home -- and that’s always a problem when a couple breaks up. You can’t exactly just split up a house in a divorce the same way you do the furniture and dishes. So what are your options? Well, they’re probably...
Don’t let divorce turmoil sabotage the value of your largest marital asset
If you and your soon-to-be ex have decided to sell your home and split the proceeds, you want to get as much for it as you can. Unfortunately, too many divorcing couples just take the first offer that comes along. Others let conflict or lack of communication get in...
Can your ex get part of your professional practice in a divorce?
Going into business for yourself as an educated professional can be a thrilling, if nerve-racking, decision. You get to set your own hours, choose your own clients and control how you run your company. Your professional practice allows you to keep more of the money...
You’re getting divorced: How do you tell your adult children?
It doesn’t matter if your adult children are 18 or 35, hearing that you and their other parent are divorcing can still come as a shock and be incredibly upsetting. Knowing how to break the news of your impending divorce can make it easier to keep your relationships...
Divorcing in your 40s: Is it really that bad?
Getting a divorce is always challenging, even if it’s something you know is for the best. Now that you’re in your 40s, you may think that your divorce will negatively impact your finances and put you behind on retirement. You may worry about how the divorce will...
Understanding how maintenance works in Illinois
Like with many couples, there may be a disparity between you and your spouse’s incomes. Whether this difference is major or minor, it could affect the terms of your settlement if you two are divorcing. This is because whichever of you has a higher income may have to...
College savings? You need to protect it during a divorce
If you and your spouse have decided to get a divorce, one of the issues you might run into is what you should do with your child’s college savings account. If you’ve been setting aside money in an account for them but don’t have it protected in a separate account...
Is it better to stay married or to divorce when you have kids?
You and your spouse have been together for over 20 years, but over time, you’ve grown apart. Your children are now reaching their later years in high school, so while you’re considering getting a divorce, you wonder if now isn’t the best time. The last thing you want...
