Tag Archives: Divorce

Is Divorce the Solution to Your Marital Woes?

“Divorce isn’t such a tragedy. A tragedy’s staying in an unhappy marriage, teaching your children the wrong things about love.” -Jennifer Weiner Couples may go through a lot of challenges in their married life. A heated argument, a betrayal or a rocky patch may land their marriage in hot water. However, some couples outgrow these problems, whereas others emotionally drift away from each other. Emotional detachment acts as the death knell for a marriage. This is when divorce seems like an inevitable conclusion to end marital woes. DoContinue reading

Things to Consider before Filing for Divorce

Divorces can never give rise to pleasant feelings. More often than not, they tend to get messy. Couples typically make every effort possible to avoid the misfortune of getting a divorce. But, if you’re in an unhealthy relationship, it may be time to consider your options. Regardless of your reasons for filing for divorce, it is a decision that needs to be made devoid of emotion. It is difficult to think straight when emotions get in the way of decision making. This typically happens when it comes toContinue reading

Assets difficult to value make divorce property division tricky

Illinois couples know that putting a monetary value on all of their possessions can be difficult. When done during a divorce, this task is almost impossible. Some assets, however, can be more problematic than others due to their nature. In order to split a married couple’s assets during a divorce, everything that is marital property must be valued and divided in some way. This even split can be modified by an agreement, but generally there is no escaping the valuation stage. For stock options and restricted stock, thisContinue reading

Court requires divorced dad to pay daughter’s tuition

On behalf of The Walters Law Group, Ltd. posted in Divorce on Wednesday, March 19, 2014. Some Illinois residents who were following a divorce settlement case in New Jersey may be interested to learn that the father’s appeal has been declined by the appellate court. This decision affirms that of the original trial court, which ruled that the father in this case would be obligated to pay $112,500 for his daughter to attend Cornell Law School. According to the terms of the original divorce agreement he signed with the mother, both parents would beContinue reading

ACA helps take health insurance issue out of divorce

On behalf of The Walters Law Group, Ltd. posted in Divorce on Thursday, March 13, 2014. Going through the process of getting a divorce can involve many difficulties and life changes. Now, Illinois residents looking to get a divorce may have one less barrier standing in their way. Before the Affordable Care Act became effective on Jan. 1, obtaining health insurance was often tied to employment benefits. When only one spouse in a married couple was working, there was a very real fear that after a divorce, it would be difficult toContinue reading

Preparing for college during divorce

On behalf of The Walters Law Group, Ltd. posted in Divorce on Wednesday, March 5, 2014. Illinois is a state with several prestigious universities. As such, parents who are planning to divorce may wonder how the proceedings can affect their children’s future college educations, especially where the children too young to be making college plans. There are a few helpful tips that can help divorcing parents ensure that college expenses do not become an issue when the time comes. At the outset, parents should negotiate college expenses as part of the divorce settlement regardlessContinue reading

More fathers are raising kids on their own

On behalf of The Walters Law Group, Ltd. posted in Child Custody on Friday, February 28, 2014. Many Illinois residents are taking note of a major shift in child custody laws that has led to an increase in the number of children living primarily with their fathers. Over the past 50 years, there has been a tremendous increase in the number of fathers who have pursued and been granted custody of their children. A recent Pew Research Center study of historical census and other data reveals that the percentage of households headed by singleContinue reading

Credit ratings and divorce

On behalf of The Walters Law Group, Ltd. posted in Divorce on Tuesday, February 18, 2014. Most Illinois readers understand that a good credit rating is an important financial tool and look for ways to improve it. Married couples probably wouldn’t consider divorce a good way to go about raising their scores; however, a survey taken by Credit.com indicates that, in some cases, ending a marriage might have a positive impact on a credit score. The survey consisted of 526 divorced individuals with varied levels of income, age and education. Nearly 30 percent ofContinue reading

Moving a child out-of-state after a divorce

On behalf of The Walters Law Group, Ltd. posted in Child Custody on Friday, February 14, 2014. When an Illinois couple divorces, they might not think about the future of their children if the custodial parent has a job or school offer, remarries or needs the support of family. While sometimes those life changes occur within the state, in other cases, they require the custodial parent to pack up and move, including the child. A judge will make the final decision on child custody matters, but laws vary according to state. SomeContinue reading

Cellphone data could prove cohabitation

On behalf of The Walters Law Group, Ltd. posted in Divorce on Friday, February 7, 2014. Illinois residents may be interested in how to prove that their former spouse is cohabiting with a new partner. In most divorces, the payment of alimony is dependent on the receiving spouse remaining single. Therefore, spouses who receive alimony are reluctant to disclose a cohabiting relationship because it could bring an end to the spousal support. Paying spouses, on the other hand, would often prefer for a cohabiting relationship to be disclosed as early as possible.Continue reading