Money issues can cause a lot of fighting during any marriage. The stress that builds up when bank accounts are low can make your partner look like an enemy rather than an ally. This is the case especially if each spouse tries to manage their joint account differently. Some research suggests that arguments about money are a top predictor of the dissolution of marriage. But just as money issues can cause a divorce, there are money fears that are prevalent even through the divorce process.
One fear during a divorce is not getting what you deserve. Throughout marriage, each spouse plays a role in the accumulation of wealth. In some cases, that is simple assets like a house and a bank account. In some cases, the marital property is complex and its division can be the cause of fear. No one wants to be a sucker especially during a divorce. Make sure to talk to your divorce attorney to ensure that you uncover any hidden assets and set a fair value for your shared property.
Another fear that persists during a divorce is the fear of the unknown, specifically regarding the assets you will received after the divorce is finalized. The dread is that some assets are better to have like cash rather than equity in a house or even stock in a family business. A good way to alleviate your concerns is by speaking to a financial advisor who can explain what assets are more advantageous.
The last financial fear during a divorce is how it will affect your lifestyle once it is over. Their are certain things you can account for like spousal support, child support, your income and even investment assets. This can start to give you a picture of what your life will look like post divorce. Sit down and create a budget that you can follow once you are single again. If you have other questions or concerns, a legal professional can give you guidance. Contact an experienced divorce attorney in Saint Charles today to voice your fears.
Whether you are going through a divorce, injured in an accident, need to file a workers' compensation claim, charged with a crime, immigrating to the United States, or need to file for bankruptcy, Mevorah Law Offices LLC can help. Our trial lawyers have over 40 years of experience helping clients throughout Northern Illinois from four offices in Lombard, Bloomindale, Naperville, St. Charles, and Chicago.
Steven Mevorah has assembled experienced attorneys under one roof so that his clients need not search for a new attorney each time they need help. Mr. Mevorah has also established a wide network of additional attorneys so that his clients merely need to stop by Mevorah Law Offices LLC to find the attorney they need.
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