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Posts tagged "Divorce"

Advantages and disadvantages of divorce mediation

When Illinois couples decide to end an a marriage, it launches a whole process that requires more decisions. Mediation could come up as an alternative to litigation that exposes people to arbitrary court decisions. Mediation brings the estranged spouses together so that they can be heard and negotiate the terms of a divorce settlement. For appropriate candidates, the process could save money on court costs and reduce the adversarial nature of litigation. The benefits do not always emerge, however, and the process might not be a good fit for everyone.

Closing a joint bank account in a divorce

Closing a joint bank account is one of the many tasks an Illinois couple may have to undertake if they decide to get a divorce. It is best to close the account together if possible to avoid any misunderstandings although it may not be necessary to have both parties present. People should take a photo identification and prepare to fill out some paperwork in order to close the account.

Divorces delayed by health care uncertainty

Some Illinois couples may be postponing their divorces because of uncertainty about health care. It is not yet clear how health care may change and whether people will still be able to access it after they divorce. In 2012, prior to the full implementation of the Affordable Care Act, one study reported that about 115,000 women lost private health care after divorce. While the Senate voted on July 28 to not repeal the Affordable Care Act, it is still uncertain what changes might be ahead regarding health insurance.

Career stress and divorce rates

Some Illinois couples who are in the military might be more likely to get a divorce than people in other professions. Some of the stresses that a military career might involve include time away from one another, frequent moves and psychological stress. Among Iraq and Afghanistan veterans, 20 percent report depression and post-traumatic stress disorder.

Common divorce misconceptions

Divorcing couples in Illinois and around the country sometimes make ill-advised decisions because they received poor advice or believed something to be true that was not. There are a number of common misconceptions about divorce, and people may be wise to check the accuracy of their information carefully before making important decisions.

Male unemployment increases likelihood of divorce

Despite the increased participation of married women in the Illinois workforce since the 1970s, social expectations about men being the breadwinner of the family appear to create marital stress. A sociology professor from Harvard University concluded that husbands had a greater chance of getting divorced if they lacked a full-time job.

How politics is damaging relationships

Some Illinois couples may have experienced more strain than usual on their relationships since the presidential election in November. Between April 12 and April 18, a Virginia polling company conducted a survey of 1,000 people around the country to learn more about the effect of politics on relationships and found that among millennials, 22 percent had broken up with a partner over political differences. Across all couples, 1 in 10 said they had done so.

Factors involved in elder divorce

Illinois residents who are at ot older than 50 and married might wonder about reports that divorce between older couples is rising. While it is true that the divorce rate for older couples has doubled over the past 30 years, there are factors involved that affect the chance of divorce for those 50 and older.

Protecting businesses in divorce

When Illinois company owners are married, it is important for them to draw up contingency plans in the event that they later choose to divorce. Couples who co-own businesses and who do not have such plans in place risk the failure of their businesses if they divorce and are subsequently unable to get along.

Common mistakes to avoid during your high-asset divorce

Going through a divorce is never simple or enjoyable. Due to the many factors involved in a divorce, there is always an opportunity for contentious disagreements and litigation. Difficulties and complications are often worse if you and your spouse have complex assets. Because of this, you should be prepared to deal with every aspect of the process, from determining child support to valuating your business. Being prepared will help you avoid common mistakes people make during high asset divorces.

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