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Financial Planning Tips After Divorce
When you hear people talking about divorce, they are probably talking about one of three things: how it affects you emotionally, how it affects your children, or how financially debilitating it can be. Marital life typically means that all of your finances and assets are entwined with each other, making it a difficult and stressful time for you when you go to separate them. Divorce can leave you with a sad bank account, a less-than-favorable credit score and thoughts about how you will pay bills alone. Although these issues can weigh on you, there are things you can do to help yourself after your divorce.
Educate Yourself
Before you begin creating a plan of attack for your finances, you have to know what you are working with. One of the first things you need to do is to take stock of all of your assets and debts and determine what is now yours. Divorce means you will be splitting all of these things, though not necessarily equally, but equitably. Figure out what you are working with and then go from there.
Tips for a Happy and Successful Halloween When You Co-Parent
If you are a divorced parent, you probably know how difficult celebrations and get-togethers can be, especially when they involve family or your children. Halloween is a very child-oriented holiday and can be stressful for some parents if they do not know how to handle it. With trick-or-treating, Halloween parties and choosing a costume, there are many things that you must discuss with your ex-spouse, whether you like it or not. Like many things in life, communication is key when having a happy Halloween. Here are four tips to help your child have a good spooky season.
Communicate, Plan and Prepare
It has already been said, but it needs to be said again - communication is key. You should probably have had these discussions a few weeks ago, but if you have not, you need to have them as soon as possible. Talk with your ex and figure out a game plan as far as school Halloween events, such as parties or parades. You should also discuss how you both will spend Halloween with your child and who will be doing what.
Can Illinois Courts Restrict Parenting Time?
When it comes to children of divorce, Illinois courts are not really concerned with either of the parents. The courts’ first and foremost concern is the children themselves and their well being. It is of the opinion of Illinois courts and Illinois law that children are best off having a close and loving relationship with both of their parents. This is why the Illinois Marriage and Dissolution of Marriage Act states that “it is presumed that both parents are fit and the court shall not place any restrictions on parenting time.” But because the courts’ primary concern is the children, they will, in fact, place restrictions on parenting time if they find that the child’s overall well being would be endangered by spending time with one or both of his or her parents.
Getting the Court to Place Restrictions on Parenting Time
Remarriage and Prenuptial Agreements
As many as half of all marriages in the United States end in divorce. While divorce still tends to have a negative stigma surrounding it, it is often the best choice that a person can make. You are better off being divorced and happy than continuing to live in a miserable marriage. Some people may think that a divorce is the end of their romantic lives, but many people use their divorce as an opportunity to reconnect with themselves and find a partner who is the right fit for them. If you are considering remarriage, it does not come without its own set of complications. Here are three things you should consider before you tie the knot again:
Make Sure the Timing Is Right
Experts say that you should wait about a year before you begin dating again after you have been divorced. This allows you to spend some time outside of a romantic relationship, which you can use to get in touch with yourself, rediscover your interests and determine what you want in your next romantic relationship. Remarrying too soon after a divorce can be a recipe for failure, but the timing can differ for everyone. If it feels natural to get remarried, then you are probably ready.
Signs of a Failing Marriage
It has often been said that marriages do not just break - they get weaker and weaker over time and eventually just fall apart. Issues can arise when one spouse begins to notice problems with the marriage, while the other spouse is blissfully unaware of the troubles. You have two choices when it comes to this - either mutually agree to work on your problems together or call it quits and get a divorce.
Making that decision can be one of the biggest decisions you will make in your life, which is why it is so stressful. Many times, the signs that your marriage is eroding away are not always obvious and can seem normal. Here are four signs that you should be looking for if you think it might be time for a divorce:
You (or They) Are Not Willing to Work on the Marriage
One of the major signs that you might be heading toward a divorce is when your or your spouse are not willing to work on the issues that you have. If it is just one person trying to fix the marriage, it is not going to work - the two of you are in it together so the two of you have to work it out or call it quits.
Using a Lifestyle Analysis in an Illinois Divorce
One of the biggest questions people have when they begin the divorce process is how it will affect their finances. Many people forget how interwoven their lives become with their spouse’s lives until they go to separate them. Especially when it comes to your finances, things can become confusing and stressful. The decisions you make during your divorce will affect you for many years to come, if not the rest of your life. One of the ways you can ensure your finances are taken care of and your assets are distributed correctly is by having a lifestyle analysis prepared.
What Is a Lifestyle Analysis?
Simply put, a lifestyle analysis creates the basis for what your standard of living was during the marriage. It is basically the complete financial picture of the most recent years of your marriage. Your lifestyle analysis will include:
- The kind of living expenses that you and your spouse had;
How Long Will My Illinois Spousal Support Last?
Unlike child support, spousal support is not guaranteed in Illinois divorces. When you get a divorce and you and your ex have a child together, the spouse who has the child a majority of the time will receive child support payments, whereas it will be determined whether or not a maintenance award is even appropriate. Certain circumstances and factors are examined to make this determination, including the income of each spouse, any impairment of each spouse’s earning capacity, the duration of the marriage and the standard of living that was established during the marriage. Even if you are awarded a maintenance payment, the length of the award depends on a number of factors, as well. Length of Marriage Will Determine Length of Payments.
According to the Illinois Marriage and Dissolution of Marriage Act, the length of time you were married will directly impact the length of time you are paid maintenance payments. The Act outlines specific multipliers to use with the length of marriage in years to find out the duration of your payments. Examples of the multiplying factors include:
Thanksgiving, Divorce, and Parenting Time
Thanksgiving is the holiday that marks the time of year when fall is officially over and winter is beginning. For many families, Thanksgiving is the time of year when you gather around the table with your friends and family members and you share a delicious feast that you have cooked yourselves. It is a time to show your appreciation and remember everything you are thankful for, but for many families, Thanksgiving can be a stressful time of year. When you are divorced, many things in your life change, including how you celebrate holidays. If you have children, holidays can be especially difficult to figure out how you will celebrate. Though Thanksgiving can be wrought with stress and sometimes disappointment, here are four tips that may just help you survive this season:
Remember What the Holiday Is Truly About
Thanksgiving is a time for family. With that being said, it is not so much your happiness that is most important, it is your children’s. While the holidays can be stressful for you, it can be even more stressful for your children, because they want to spend it with both of their parents. Even if it is not in the cards for you to spend time with your children on Thanksgiving, do not make your children feel bad for spending time with your ex.
Things You Should Know About Life After Divorce
No matter the situation, getting a divorce is a big life change. Even if you were only married for a couple of years, getting divorced changes almost everything about your life. Though you may feel that you are ready for a divorce (and you probably are) you may not exactly be prepared for what is to come. There are certain things that you do not expect to experience when you get divorced and there are things that may not have even crossed your mind before. Everyone has different circumstances when it comes to divorce and everyone will experience the divorce differently, but there are a few things you should know about life after divorce. Even if you are the one who initiated the divorce, you will probably still feel a sense of loss. Even though divorce is the legal process of separating yourself from your spouse, it is also very much an emotional process. Many people underestimate just how much of a transition a divorce really is. You are changing everything from your living situation to your financial situation - it is understandable for you to feel things like loss, sadness, grief, and disappointment. These are all emotions many people experience in their life after divorce. If you have children, you do not get to ignore your ex. Just because you are getting divorced does not mean that you get to part ways and never see your ex again, especially if you have children. You and your spouse will forever be linked by your children and that is something you must come to terms with. Even when your children are grown adults and no longer are under you or your spouse’s care, you will still have that link. Divorce might affect your children in ways that are apparent through their behaviors. There is no one way that divorce will affect your children. Just like adults, all children are different and all children will have different reactions to a divorce. Your kids will not always tell you that the divorce is bothering them or that they have certain feelings about the stress a divorce can bring. Sometimes, your children’s behaviors will be the telltale signs that the stress is getting to them.
Key Things to Consider During a Gray Divorce
A “gray divorce” is a fairly new term that people have been using when referring to those who get divorced in late adulthood. A divorce is considered a gray divorce when the couple who is getting divorced is over the age of 50. According to the Pew Research Center, the divorce rate for Americans over the age of 50 has doubled since 1990 and for Americans over the age of 65, the divorce rate has tripled. Older Americans have seen an increase in divorce rates while younger Americans between the ages of 25 and 39 have actually seen a decrease in the divorce rate, by about 20 percent. Typically, couples getting a gray divorce have been married for decades, which is why they face a lot of negative stigmas and backlash from those surrounding them. They also face unique circumstances when it comes to divorce, which is why specific considerations should be made. You Will Probably Be Entitled to Spousal Support