Everyone makes mistakes and it's from these mistakes that we learn and grow. However, when it comes to the divorce process, mistakes can end up being costly and negatively impact an individual's future financial security.
At some point during any relationship, especially throughout the course of a marriage, questions related to the level of happiness of both individuals are likely to arise. While every marriage goes through ups and downs, spouses who appear best equipped to weather the marital tides are those who keep the lines of communication open.
Many Peoria area residents have likely heard the famous quote related to the notion that "with age comes wisdom." While this point can likely be debated on many fronts, there's no doubt that with age comes more life experiences that, at least in theory, should provide an individual with the insight necessary to make more informed and wise decisions.
The Internet is all abuzz with social media websites and Facebook is among the most well-known and popular of them all. In fact, statistics from February 2014 show that an estimated 57 percent of U.S. adults have a Facebook account. Social media users readily use sites like Facebook to share photos, post comments and express their likes and opinions about a variety of topics. Increasingly, the social media website is also being used by individuals attempting to gather evidence about an ex during divorce or child custody proceedings.
A major part of any divorce revolves around the division of marital property and assets. Illinois is an equitable distribution state, which means that several factors are taken into consideration when making decisions related to a divorcing couple's property and assets. For individuals with a considerable amount of wealth, numerous factors must be taken into consideration with regard to the actual value of assets, consequently, high asset divorces often take longer to resolve. This is particularly true in cases where one spouse attempts to hide assets.
In recent years, there has been much reported about the so-called graying of divorce. An Oct. 8, 2014 Time article reported that roughly 25 percent of divorcees in the U.S. are over the age of 50. The increase in divorce among this age demographic has raised red flags among social scientists who worry about the ramifications of divorcing later in life such as financial insecurity.
Individuals who recently wed likely have many goals when contemplating their futures with a spouse. Among some of the most common marital goals are purchasing a home, having children and attaining a sense of financial security. For most, divorce isn't even something they likely think about or contemplate, yet national statistics prove that nearly one out of every two marriages will end in divorce.
In our last post, we outlined how a divorce typically proceeds. While it's helpful to gain an understanding of the legal divorce process, it's important to keep in mind that, at any point, issues may arise that can delay the process. Most frequently, delays are related to one spouse's objections to the other spouse's responses to a complaint or occur during settlement negotiations. When disputes arise during a divorce, if not handled appropriately, the whole process can quickly be derailed and grow contentious.
As residents in Illinois prepare to ring in the New Year, many will reflect upon this and other years past. There's something about the start of a new calendar year and the promise of new beginnings that prompts an individual to examine his or her life and take stock of what, if any, changes are necessary. For some married couples, the start of this New Year will signal an end to their marriage as divorce papers are prepared and filed.
In order to maintain a healthy and happy marriage, spouses must be able to effectively communicate. This becomes especially important when a couple welcomes a child into their family and matters related to childrearing, discipline, finances and education must be considered and addressed.