If you're considering getting a divorce in Illinois, you'll probably see or hear lots of statistics. One statistic you might not know about comes from a renowned doctor named John Gottman. This doctor claims that four behaviors can predict divorce with 93% accuracy....
High-Asset Divorce
Assets protection strategies to use before divorce in Illinois
If you are an investor, business owner or a high-net-worth individual in Illinois, asset protection is a must. Lawsuits, creditor claims, divorce and other risks can all cause significant financial losses. However, there are strategies available that you can use to...
What happens to an inheritance during divorce?
When couples in Illinois begin the divorce process, they will need to divide their property. Not all property, however, gets divided. Separate assets, usually assets acquired before marriage, will often remain the property of the spouse who acquired it. Marital...
The importance of self-care during a divorce
Divorce is a complex and challenging process, financially, mentally and emotionally. During this time, it can be very easy to forget to practice self-care, which is essential for anyone, especially people going through such challenging times. Practicing self-care is...
Why you need to check your credit report during divorce
Your credit report contains information like your past addresses, Social Security number, and financial accounts. It does not include information on your marriage or divorce. However, Illinois residents would still be wise to pay close attention to their credit...
Working moms vs. stay-home moms after a divorce
Divorce can be an obstacle course for Illinois mothers who have young children. One question that often arises is how working moms and stay-home moms fare in the aftermath of the split. Working moms after divorce For working moms, a divorce can bring significant...
What does divorce mean for your company?
When you own and run a business, it takes a substantial amount of time, effort and mental bandwidth to keep things running during the best of times. But during a divorce, things become even more complicated. Here are some things to keep in mind if you're going through...
What if my kids blame me for my divorce?
Illinois parents who go through a divorce know how difficult it can be for them and their children. Things become even more difficult when the children blame one parent for the end of the marriage. If you find yourself dealing with this type of a situation, keep these...
How divorce can impact your tax liability
Divorce is an arduous process that can impact many aspects of your life, including your tax liability. Understanding the tax consequences of divorce is essential for Illinois residents so that they can make informed decisions about their financial future. Filing...
Keeping yourself financially safe during a divorce
Sometimes, divorce is the only option for married couples in Illinois who can't work things out. A divorce can bring about many life-related changes, especially those involving finances. Fortunately, knowing a few tips can help your financial situation remain stable...