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Wheaton family law attorney

Going through a divorce can significantly disrupt your life. Not only does it affect your mental and emotional health, but it can also wreak havoc on your financial situation. It may be hard to maintain the same standard of living once you and your spouse part ways. However, you can still obtain a sense of financial security. In some cases, you may be awarded spousal support or child support payments, or you may be required to pay support to your former spouse. To alleviate some of the stress, it is important to be hands-on and in control of your assets, income, debts, and expenses. A skilled family law attorney can guide you through the legal proceedings and help ensure that you are positioned for success once your divorce is complete. 

Here are a few steps to regain financial stability after a divorce:

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Wheaton spousal support attorney

Since November 2013, same-sex couples have had equal access to marriage and divorce rights under federal law. In Illinois, a lesbian, gay, bisexual, transgender, questioning (LGBTQ) marriage is similar to opposite-sex marriage. Not only do same-sex couples have the right to get married, but they can also share property and assets, file joint tax returns, receive retirement and veterans’ benefits, and many other rights and responsibilities that opposite-sex couples receive following marriage. Since same-sex marriage is still relatively new, couples may not fully understand how the law applies to them when it comes to divorce. Therefore, if you are considering a divorce, it is critical that an experienced attorney guides you through the process. 

Illinois Divorce Laws

Illinois is a no-fault divorce state, meaning you do not need to give the court a reason why you and your spouse wish to end your marriage. According to the Illinois Marriage and Dissolution of Marriage Act, in order to be granted a divorce, a couple must only prove:

  1. Irreconcilable differences have initiated the failure of the marriage.

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DuPage County divorce lawyer name change

Getting a divorce can be a very complicated process. It may be difficult to think about the decision to keep your married name or revert back to your maiden name when there are so many other pressing issues that need to be resolved. Because of this, many women choose to continue using their married names for the time being. However, if they choose to go back to using their maiden names, a skilled family law attorney can help you complete the legal steps to do so. 

Reasons for Changing Your Name

Changing your last name after your divorce is one of the first steps in getting your original identity back. Whether this decision is emotionally difficult or easy, consider these factors when deciding:

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Wheaton spousal maintenance attorney

The decision to end a marriage can be emotionally, financially, and even physically devastating. A trusted therapist may help ease emotional stress, but what about the worries regarding finances? Regardless of whether your divorce is amicable or tumultuous, you will need to understand how to protect your rights to the marital estate. If you are facing a divorce and are unsure how to protect your financial interests, you should speak with a knowledgeable family law attorney to explore your potential next steps. In the meantime, here are answers to some of the most frequently asked questions about finances during divorce:

How Much Will a Divorce Cost?

There are many expenses associated with the divorce process. You will be required to pay a variety of court costs and filing fees, and the costs of hiring and working with an attorney throughout the divorce process may add up to several thousand dollars or more. In addition, there are a variety of other ways that legally ending your marriage can impact your finances, including:

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Lombard, IL spousal maintenance attorney

There are many reasons why a couple may decide for one parent to stay at home with the children rather than pursuing a career. In some situations, a family simply cannot afford childcare, so a parent may stay home out of necessity. Other families may choose to have one parent dedicate their time to caring for children and maintaining the household. Today, the role of homemaker is not limited to women. In fact, more fathers are becoming stay-at-home dads, according to research published in Psychology Today. Regardless of a person's gender or their reasons for becoming a homemaker, divorce as a stay-at-home parent can seem intimidating, and it can cause a great deal of uncertainty about the future. If you did not work outside of the home during your marriage, and you are facing a divorce, you will want to work with an experienced family law attorney who can guide you through the legal process of divorce and help you create a secure future.

Know Your Rights

Even if you were not your family's primary income earner, you still have rights regarding the property you own with your spouse and the income that was earned during your marriage. Under Illinois divorce law, marital property will be divided according to the principle of “equitable distribution,” and all property acquired during the marriage should be divided fairly, regardless of who earned the income used to purchase it. The contributions each spouse made to the marriage will be considered when determining a fair settlement. As a homemaker, even if you did not earn a financial income, you have still made many valuable contributions to your family, such as child-rearing, performing household duties (cooking, cleaning, doing laundry), and managing family finances.

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