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Wheaton divorce lawyerWhen a couple decides they are getting a divorce, it is not uncommon for one spouse to willingly move out of the home. While this makes the most sense for many couples, it can also raise concerns for some. How can you make sure your spouse is still contributing to household expenses? How do you make sure your children still see their other parent? When this happens, you have two options: come to an agreement about how expenses and child custody will be handled for the time being or go to court to ask for a temporary order to protect yourself and your family.

If you are able to, coming to an agreement with your spouse about how these things will be handled during the divorce process is usually favorable. In some situations, however, this is not feasible. In these cases, your best bet may be to get temporary court orders that you and your spouse must abide by. Temporary orders can help you address some of your immediate concerns while your divorce is going on, and they will last until your divorce is finalized. Here are a few issues you can petition the court to decide using temporary orders:

  • Possession of the Marital Home: If one spouse petitions to have exclusive possession of the marital home during the divorce process, you must attend a hearing in which the judge will determine whether or not this is in the best interests of the family. Usually, exclusive possession is awarded if the well-being of a person or their children may be compromised if both spouses continue to live in the home.

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Wheaton divorce lawyerAccording to statistics from the National Survey of Family Growth, around 22% of all marriages end within the first five years, and an estimated 53% of marriages dissolve by the 20-year mark. With these statistics in mind, it is not surprising that divorce is common for Americans. Getting a divorce has been said to be one of the most stressful life events, second only to the death of a loved one. One of the ways you can help alleviate some of this stress is by effectively preparing for the end of your marriage. Here are a few tips to help you get your affairs in order before you begin your divorce:

Get a Clear Picture of Your Finances

First, you should have full knowledge of your financial situation. It is not uncommon for one spouse to be more in tune with the family's finances than the other. However, it is important to be in the loop when it comes to your income, assets, expenses, and other financial matters, since everything will be divided in the end. Make a list of all of your marital assets and debts so you can figure out what you actually own and owe. Next, make a preliminary budget for what you need to live off of after the divorce is said and done. This will help you figure out what you should fight for during the asset division process and whether you might be eligible to receive spousal maintenance.

Talk With Your Children

If you have children, you are probably worried about how your divorce will affect them. Many parents are hesitant about getting a divorce, because they do not want to hurt their children. However, ending a marriage that is full of conflict and arguments can often be the best thing for your kids. Studies have shown that children who have divorced parents often have fewer emotional issues than those whose parents stayed together but were unhappy with each other. If you have children, the first step to a healthy transition period is to talk to them about the divorce and explain to them what is happening. You might be surprised at how much they understand, and they may even have a positive opinion about the upcoming changes to their lives.

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Wheaton uncontested divorce lawyerWhile it is true that some couples do not end their marriages on the best of terms, many divorces are amicable, with both partners knowing that divorce is the best option for everyone. Getting a divorce means you will have to make some difficult decisions about your life and your children’s lives. Even though you may not agree on everything, your divorce does not have to be a strenuous process. An uncontested divorce can be preferable and beneficial for everyone involved -- that is, if you are able to cooperate and negotiate with your spouse.

Understanding an Uncontested Divorce

In the most basic of definitions, an uncontested divorce is simply one that is able to be negotiated and settled without the intervention of a court or a judge. There are certain things that all divorcing couples will have to decide before they can complete their divorce. These issues can include:

DuPage County divorce attorney

Marriage may look bright and shiny on the outside, but it can be a difficult relationship to maintain over the years. As people change, sometimes their partners do not change alongside them. No couple stays the same throughout the entirety of their marriage. For some couples, this can lead to new adventures throughout life’s stages, while for others, it can cause them to grow apart with no hope for reconciliation. Every marriage is unique, but there are a few common denominators that experts have found to be frequent causes of divorce

Money, Money, Money

In the past, many couples got married at a young age, meaning that they often did not have much money to their names. This has shifted in the last decade, as millennials decide to wait a little longer before tying the knot. Money troubles are common for young couples looking to start a life together. Rather than taking the time to build up a fair amount of savings, these couples can find themselves struggling to pay their bills, putting their relationship on the back burner. Although this is common with younger couples, those who get married later are far from exempt from financial issues. Some are used to being independent and find it difficult to share finances with their partner, while others run into hard times financially due to a job loss or medical care costs. Regardless of the reason, disagreements regarding money are common for all couples, and they can sometimes make or break a relationship.

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Wheaton high asset divorce attorneyThe financial aspects of divorce can be an additional stressor for those in the process of ending their marriage. For some, this stress comes from worrying about the cost of divorce. But for couples who have money to spare, their extensive assets can actually be the root of the divorce anxiety. During divorce, couples who have a high net worth have a few different issues that many other couples typically do not have to worry about. If you are going through a high net worth divorce, here are a few mistakes you should try your best to avoid:

Concealing Assets From Your Spouse

Trying to hide assets from your spouse is not uncommon in high net worth divorces. This is possibly one of the worst mistakes you can make, because not only is it unfair, but it is illegal. During divorce negotiations, you are required to be completely truthful with your spouse and their attorney. If you do not fully disclose all aspects of your finances during the discovery process, including the income you earn, the assets you own, and the debts you owe, you could end up paying a lot more than what you would have originally, causing you to lose the assets you were trying to protect.

Forgetting About Tax Issues

Getting a divorce involves a lot of financial decisions that can affect you for the rest of your life. One thing you must keep in mind when making these decisions is how it will affect your taxes after the divorce papers are signed. With the many financial aspects of divorce, there are tax implications that can come up in the future. Issues such as spousal support can affect the amount of taxes that you pay, along with 401(k) distributions or selling certain assets.

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