While most people recognize that divorce is a massive undertaking, many still underestimate just how complex, taxing, and exhaustive the process can really be. It is this lack of understanding that often keeps them from developing an effective and comprehensive exit strategy. As a result, they may unintentionally and unnecessarily extend the already time-intensive process, which drains even more of their energy and resources. Avoid this common pitfall with the following tips.
Employ the Help of a Therapist or Psychologist
In the midst of a divorce, it is easy to make decisions based on emotion—even more so if the divorce is occurring because of infidelity, addiction, abuse, or other dangerous or emotionally triggering circumstances. A therapist or psychologist can help you stay grounded, give you a professional to help you decide whether you are making your decisions out of practicality or out of anger and resentment. Additionally, it should be considered that, when paying for a divorce, billable hours with your therapist will ultimately cost less than trying to battle matters out in court.
Prepare Financial Statements Ahead of Time
Many of the recent changes brought on by the Illinois Marriage and Dissolution of Marriage Act reduce the risk of unnecessary arguments in the way of parenting time and fault in a divorce. Because of this, financial aspects are likely to become the biggest trigger point in divorce. Being that it is also one of the most common reasons for divorce, this can still create a rather messy situation; be prepared and go through the financial aspects ahead of time.
In the absence of a prenuptial agreement or marital agreement, assets and debts will be divided according to Illinois state law. Marital assets, which are those acquired during the marriage, will typically be divided based on varying factors, such as the length of the marriage, value of property, employability of each spouse, and contributions to the marriage. You must, however, present all of that information to the courts. If you were not involved in the financial aspects of your marriage, this may necessitate some research on your part. All information should be presented to your attorney.
Take Time to Research the Legal and Financial Implications of Divorce
Once you have a clear understanding of what your financial assets are, take it one step further. Talk with a financial advisor and an attorney to determine both the legal and financial implications of your divorce. Ask not just how the divorce will impact you in the present day, but also how it may affect your future. And, if necessary, create a strategy for dealing with any potential obstacles you may face after the divorce is finalized.
Mevorah Offices LLC can help. Compassionate, dedicated, and experienced, our experienced DuPage County family law attorneys can provide you with sound advice for today, and for the future. And, when necessary, we can provide aggressive representation to ensure your rights and best interest are protected in a divorce. Learn more by scheduling a free initial consultation. Call 630-932-9100 today.
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