When you are navigating the process of divorce, you and your spouse must be open and honest about your individual finances and those you share as a couple. Without both parties being forthcoming, you will not ever be able to divide your marital property as prescribed by Illinois law. Even the court will not be able to make such decisions without all of the necessary information.

Unfortunately, is not uncommon for one spouse to hide property and revenue streams in an effort to keep them away from the asset division process. While it may be possible to track down these assets before a judgment is entered, sometimes the property will remain hidden until the divorce has been finalized. If you have recently gotten divorced and you just found out that your ex was being deceptive during the process, you can still take action to remedy the situation.

Getting Your Divorce Reopened

When a couple is getting divorced in Illinois, the law provides that all of the couple’s marital property should be divided in a manner that is fair and just. To determine a “fair and just” allocation of assets, the court will take many factors into account, including each spouse’s age, health, and employability, as well as their contributions to the marital estate. The court must also consider any claims made by either spouse against the other regarding dissipation of marital assets.

What Is Dissipation?

The Illinois Supreme Court established a definition for dissipation as “the use of marital property for the sole benefit of one of the spouses for a purpose unrelated to the marriage at a time that the marriage is undergoing an irretrievable breakdown.” Over the years, the state legislature has alternated between including and excluding non-marital property in its definition of dissipation. The most recent version of the law provides that only marital property can be dissipated.

Sources report that former NBC news anchor Matt Lauer and wife Annette Roque are likely headed for divorce. The news is not surprising considering the events of last November when Lauer, along with several other high-profile men, were accused of sexual harassment in the workplace. Lauer was fired for the alleged inappropriate behavior. Now, it appears that his marriage may also be ending. In the course of his tenure at NBC, Lauer is estimated to have made upwards of $100 million. If the couple does end up divorcing, their extravagant wealth will undoubtedly complicate the process. When high net worth couples divorce, there is much more room for expensive mistakes to be made. If you are considering divorcing your spouse and have complex assets or high net worth, read on to learn common mistakes you should avoid.  

Mistake No. 1: Letting Emotions Guide Your Behavior

Of course, divorce is one of the most emotional things a person can endure. It is completely understandable that spouses feel sadness, regret, anger, resentment, or even vindictiveness. However, when you allow your emotions to be the only basis for your actions during a divorce, the results can be costly. For example, some men and women are so anxious to divorce a spouse they can no longer tolerate that they agree to terms that are not fair to them. It can be tempting to agree to whatever your soon-to-be-ex wants just to hurry along the divorce process, but doing this only increases the chances that you will not receive your fair share of marital property or support. For high net worth couples, this mistake can be extremely expensive.

No matter how old or young you are, if you are married, there is the possibility that you could get divorced. Most people, however, tend to think of divorce as a reality that mostly affects couples who are relatively older. These notions may be linked to movies and television where a wandering eye or a mid-life crisis drives spouses apart when they are in their early forties or older. Divorce, however, can also become necessary for couples who are far younger, and those who get divorced in their 20s may face years of potential complications. This is especially true for 20-somethings with children.

Finding a Niche

Human beings are social creatures, and most of us derive a sense of belonging when we find a peer group where we feel comfortable. If you are recently divorced with no children, it may be relatively easy to socialize with other younger singles. If you have children, however, you may feel stuck in the middle. On one hand, our parental responsibilities may not allow to you enjoy the spontaneous, carefree lifestyle of single people your age. On the other hand, you may not feel very comfortable among other parents, especially those who might be a bit older or whose marriage is still intact. It is, however, important to avoid cutting yourself off completely from social situations. Find a sitter every now and again, and go out and a have a good time.

Upon reading the title to this blog post, you may be thinking to yourself that all divorces are high in conflict. This is certainly true. Divorce is the second-most stressful life even a person can endure and it often brings out the worst in people. However, although many who divorce have feelings of resentment, guilt, or anger, they are still willing to work toward a common goal. In high-conflict divorces, one or both spouses are not willing to work together and instead work to tear each other down. In this type of divorce, a couple engages in hostile confrontation instead of legal negotiation about the issues at hand. This can be nearly unbearable for a spouse who actually does want to reach conclusions about spousal support, child support, parenting time, or property division.

Reasons to Hope

If you are currently experiencing a high conflict divorce, or you might be in the future, know that there is light at the end of the tunnel. While there is no way that you can change how you spouse reacts to a divorce, you can change yourself. There are a few guidelines that experts suggest can help spouses manage high-conflict divorces and reach the conclusion they desire.

Divorce can touch the lives of people of any race, gender, income level, or age. Some marriages that seemed doomed to failure from the beginning end up flourishing while other marriages that seemed like perfect matches end up dissolving. Researchers have known for years now that there are certain demographics of people who are statistically more likely to get divorced than others. For example, those who marry very young or wait until their late 30s or longer to marry are more likely to get divorced than those who get married in their 20s. It is also fairly well-known that women are more likely to initiate divorce than men are. For non-married couples, however, men and women are equally likely to end the relationship.

Women More Likely Than Men to Be Unhappy in Their Marriage

A survey conducted by the American Sociological Association found that in heterosexual couples, women start the divorce process or first seek a divorce 70 percent of the time. The study’s lead author, Michael Rosenfeld, theorizes that women may be more likely to initiate divorces because they are more likely to be dissatisfied with the quality of the relationship than men are. Rosenfeld said that these results support the idea that some women experience heterosexual marriage as oppressive or unfulfilling. He explains further, “I think that marriage as an institution has been a little bit slow to catch up with expectations for gender equality. Wives still take their husbands’ surnames…husbands still expect their wives to do the bulk of the housework and the bulk of the childcare.”

Married couples get divorced for an endless variety of reasons. For some, infidelity may an issue while financial stresses drive others apart. Of course, there are often many factors that play into a couple’s decision to end their marriage, and researchers are always trying to identify trends that could help married couples recognize possible red flags. According to several recent studies, however, a first-born daughter could be one of the potential warning signs.

Australian Team Studies Dutch Families

Dr. Jan Kabatek and Dr. David Rebar, faculty members at the University of Melbourne, conducted one such study. The pair examined more than two million marriages in the Netherlands over the course of 10 years. They chose the Netherlands because Dutch marriage and family records are very comprehensive and provide exact dates of marriages, divorces, and births. Other, similar studies have been based on participant’s responses to surveys—which rely on memory and recollection as opposed to objective data.

For years, scientists have known that children of divorced parents are more likely to get divorced as adults. People have speculated that this was because children spend time with their divorced parents during their formative years and therefore grow up to have a similar lifestyle. However, a new study suggests that genetics may play a role in whether children grow up to get divorced or not.

The study was conducted by Virginia Commonwealth University and published in the journal Psychological Science. It examined data regarding divorce in adopted children and children who grew up around their biological parents. The study’s findings showed that children who did not grow up knowing their biological parents and siblings still had a tendency to match their biological family’s decisions regarding divorce. The adopted children were less likely to have similar histories of divorce as their adoptive parents. This could mean that many of the choices we make about our relationships as adults are influenced by our DNA. When it comes to divorce, nature may be a stronger factor than nurture.

Destined to Divorce?

In this day and age, divorce is no longer the exclusive province of family law courts. Many couples, especially if they enjoy a fairly civil relationship, choose alternative dispute resolution methods to achieve their objectives. Couples who use such methods are often driven by a willingness to move their case forward faster than would possible in court. If this avenue appeals to you, Illinois law provides several different options.

Mediation

Divorce mediation is not for everyone. In fact, it is definitively not appropriate for spouses who will not or cannot maintain a civil relationship. If, however, you and your spouse are able to talk and be in the same room, mediation could be an option. While most mediators undergo specialized training, they are not necessarily required to be licensed by any governing body or accreditation entity. This reality can sometimes be a deterrent for those who fear that something may go wrong. However, Illinois does have a Uniform Mediation Act, which sets out requirements and prohibitions that must be followed.

The practice of forensic accounting is based on the idea that careful analysis and investigation can reveal potential problems or concerns regarding the financial situation of the individual, business, or entity in question. Forensic accountants, for example, are employed by law enforcement agencies—including the FBI—to investigate white-collar crime. They may also play a role in divorce cases—especially when the couple’s finances are complex and hidden assets could present a problem.

The Problem of Hidden Assets

Illinois law requires the marital estate of a divorcing couple to be divided between spouses in a manner that is fair and equitable. The first step in dividing marital property is determining what assets the couple owns. If both spouses are not completely open and honest regarding their finances, determining the actual extent of the marital estate will be impossible. Too often, spouse will try to hide sources of revenue or even tangible assets during a divorce hoping to keep them from his or her soon-to-be ex-partner. Hidden assets may be a particular danger if one spouse maintains full control over the couple’s finances or if a spouse owns a business that could be used to cover deceptive behavior.

Not many children get home from school excited to dive right into their homework. Almost every school-aged child has homework assigned at least a few nights per week and many have homework on weekends too. Under the best of circumstances, even the most dedicated students can get burned out. For a child dealing with their parents’ divorce, the issue of homework can become a battleground if the parents do not make the conscious effort to cooperate.

Parents want what is best for their children. In a divorce situation, emotions and stress can sometimes lead a parent to try to establish complete control over the child’s education and assignments. Children may benefit more, however, when both parents agree to each take responsibility, especially when their share custody during the school week. While the specific arrangements of any family situation will be different, there are a few things that divorced parents should strive to offer their children, regardless of whether the children are with Mom or Dad.

Consistency

Winter holidays often bring to mind thoughts of families around massive turkey dinners and children excitedly opening Christmas presents. Summer months involve similar—though usually outdoor—family gatherings and vacations. Children are on a break from school and parents can grill dinner outdoors while getting some sun. Although we generally think of holidays as a fun-filled vacation from stress, a new study from the University of Washington suggests otherwise. According to the study, rates of divorce filing significantly increase in the time period after the holidays.

Divorce filings seem to peak in March, after the winter holidays, and in August, at the end of summer vacation. Sociology professor Julie Brines and doctoral student Brian Serafini found evidence of a biannual pattern in divorce in Washington State between 2001 and 2015. Their results suggest that divorce rates rise 40% from December to March. 

Why Is Divorce Seasonal?

For years, marriage and relationship experts have presented evidence suggesting that financial struggles are often a key factor when a couple decides to get divorced. In many ways, the concept makes sense. Money management is a core principle of any relationship and spouses dealing with economic stress and anxiety will often reach a breaking point quickly. A new study, however, seems to indicate that there is more to the story than just money, as its results showed that a husband’s ability to find full-time work directly impacts the couple’s likelihood of divorce.

Behaviors Over Money

Alexandra Killewald, a sociology professor at Harvard University, recently authored a study that was published in the American Sociological Review. She reviewed more than four decades of information related to over 6,300 heterosexual couples in compiling her research. The data did not include husbands who voluntarily choose to fulfill the role of a stay-at-home parent.