Things a Divorce Lawyer Knows

 Posted on December 00,0000 in Divorce

Anyone who has experienced divorce or is in a relationship headed for divorce understands it is an emotional and volatile period. Advice and guidance come from well-meaning friends and family members, but the complexities of a contested divorce require a greater understanding of the issues and family law.

How a Lawyer Can Help

Even if you have been through a previous divorce, it is very likely that every breakdown of a marriage contains element and issues unique to the people involved. It is for these and many other reasons why the counsel of a practice legal professional may prove to be the best decision a person makes when they have the resolve to pursue a divorce decree. In addition to handling all the key research and filings, a divorce attorney can help a person keep track of other related details.

• Avoid letting emotions guide your financial decisions. Often times acting out of spite or anger could damage your own financial future.
• Even if you have assets in your own name, your spouse can of after them. Everything is fair game once divorce proceedings begin.
• Thinking about buying a new car? Purchase it before beginning the divorce process because most states will issue orders prohibiting new or large purchases.
• While watching your own budget, keep track of your spouse’s spending habits. Sudden large expenditures or loans to friends could signal an attempt to hide funds.
• Take pictures of assets, make copies of bank statements and gather up other key documents before you leave.
• If you own property, have it appraised by an independent professional before you file.
• Even if you suspect your spouse is doing the same, DO NOT attempt to hide assets. If found, your actions will have negative consequences.
• If you are ordered to pay alimony, you can deduct those payments from your taxes.
• If you receive, you must report that as income on your tax returns.
• Update beneficiary designation information on your life insurance, pension plans or other investments.

Find a Knowledgeable Aurora Divorce Attorney

Even when you know that pursuing a divorce is your only remaining option, the emotion and stress attached to such a decision can cloud your judgment and negatively impact your behavior. To ensure you follow the law and receive fair treatment, secure representation from an experienced Illinois divorce attorney. The Law Office of Matthew M. Williams, P.C. provides thorough research and review of all relevant details to ensure a stable custody agreement, fair division of assets, and appropriate support payments. To schedule a consultation, contact our offices today at 630-409-8184.

Source:

https://www.msn.com/en-us/money/divorce-finance/40-things-only-divorce-lawyers-know/ss-BBn6g4l?ocid=spartanntp