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financially threatened spouseWhen a couple is going through the divorce process, emotions are usually more intense for both the husband and wife. Even the slightest remark or action by one spouse can seem amplified to the other, causing a strong reaction.

Often, anger becomes the driving force and all kinds of threats are made. This can be especially true if one spouse was the predominant breadwinner in the family and feels they have the upper hand in divorce negotiations. Threats of taking away the children or leaving the other spouse broke and homeless are common themes in acrimonious divorces. And whether or not the spouse making the threats could actually follow through with them does not always matter. Threats like these can leave the other spouse feeling stressed out and intimidated, or even frightened.

There are steps that a financially threatened spouse should take to ensure that they are protected emotionally and financially. These steps include:

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unemployment rate divorceThere is encouraging news for Illinois as the U.S. Bureau of Labor Statistics (BLS) and the Illinois Department of Employment Security (IDES) confirmed that the Illinois unemployment rate fell again in August, marking a decline for the fifth consecutive month. Not only is this encouraging news for Illinois, but perhaps even better news for men in the Prairie State. Recently, researchers at Ohio State University published survey results regarding the instance of marital strife due to the unemployment status of married men and the slim prospects for the unemployed single man seeking a marital partner.

Lead researcher Liana Sayer, a professor of Sociology at Ohio State University, worked in collaboration with the National Survey of Families and Households (NSFH). Sayer and her team followed over 3,600 couples from 1986 to 2003. By using a series of questions, the group gauged how the couples felt about their marriages in general and then further collected data regarding employment and current earnings. Their goal was to determine if financial uncertainty would lead to divorce.

Seventy-five percent of the female participants directly indicated that they would not consider marriage to an unemployed partner. The study further revealed that an unemployed husband faces a higher risk of being sued for divorce by his spouse. Remarkably, the study also alluded that a married unemployed male may also choose to request a consultation with an experienced divorce attorney as financial difficulties increase. With regard to the wives who experienced a layoff, the marriage generally stayed on track.

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cost of divorce, Illinois divorce lawyer, Illinois divorce attorney, divorce financesYou have finally made the decision to get a divorce. Whether it is an agreed upon decision with your spouse or something you've decided on your own, there are several things you should do in order to help minimize the financial hit you could be facing.

According to financial advisors, one of the first things you want to get rid of is any joint loans and credit cards you have with your soon-to-be ex-spouse. Until your divorce is final, you and your spouse are both legally and financially responsible for each other’s debts, even if you had nothing to do with incurring the debt. If your spouse takes your shared credit card that and decides to go out and charge a whole new wardrobe on it, you are both responsible for the debt. Never assume that your spouse would not do something like that. Even the friendliest divorces can suddenly turn contentious.

Another mistake some people make is making all kinds of financial concessions in order to keep peace during a divorce in order to speed up the process. In some cases, couples opt for mediation rather than litigation, assuming that it will make the divorce process smoother. Mediation is best for couples who had a short marriage with few assets and no children, and couples with great communication skills. In other situations, litigation with attorneys for each partner may be a better option.

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