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Will County divorce attorneyThough getting a divorce is often the right decision for personal reasons, you may find yourself at risk of financial hardship without your spouse’s income, especially if your own earning ability is limited. Petitioning for spousal maintenance can help you meet your needs after the divorce, but these support payments usually have an end date, and they can terminate earlier than expected under certain circumstances. With this in mind, it is a good idea to start planning for your future as soon as possible.

How Long Will Support Payments Continue?

When an Illinois court determines that spousal support is appropriate, it will often be ordered for a fixed term, the length of which is figured using a calculation based on the length of the marriage. In general, a longer marriage means a longer duration of spousal maintenance payments, though the court may decide to deviate from the calculation depending on the specific circumstances. In any case, the end date of support payments will be included in the divorce decree. However, alimony payments can terminate before the expected end date if the receiving spouse remarries or moves in with a new partner, or if the paying spouse dies.

Getting Ready for Alimony to End

Even if the end date of your spousal maintenance payments is set for several years in the future, you should start preparing for that eventuality early on. An important first step is to create a budget that factors in all of your monthly and yearly income, including from spousal support and possibly child support if you are a parent, as well as your expenses. During this process, you may find opportunities to cut costs that can make your financial obligations more manageable.

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Posted on in Divorce

Joliet divorce attorneysDivorce can impact everyone in its own way. For some, they may feel an immediate sense of loss for their partner, even if they know they are better without each other. For others, they may feel instant gratification and freedom, only to be hit by negative emotions months later. Divorce is never a one-size-fits all emotional experience, which can make it difficult to know how to cope with your feelings. This is especially true for parents as their focus is divided between comforting their children and themselves. In many cases, parents can make their own emotional healing take a backseat and leave themselves struggling with these emotions for months or even years.

Protect Yourself and Your Children

There is no surefire way to make your divorce easier, but there are some things you can do to help yourself cope. By doing so, you can also put yourself in a better position to help your children.

Below are four tips for parents who are going through a divorce to help them cope with their emotions and move forward with their lives stronger than ever before.

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Will County divorce attorneysIn today’s world, it is not uncommon for couples to seek out a divorce after one, two, or even three decades of marriage. Many see themselves in the clear after years of marriage; however, distance can develop at any point in your relationship. Also known as gray divorce, there are a number of reasons why couples are turning towards this legal split later in life, and for those who are making this decision mid-life, it is even more important to seek out reputable legal representation to help guide you through the process.

Financial Implications

Your financial state is constantly changing throughout your relationship. One year you may have the flexibility to go on multiple vacations, while a year later you may struggle to make ends meet. Financial difficulties are a common reason for any divorce, but especially for those who have arguments regarding their finances for years on end. Maybe one spouse is the primary breadwinner and makes all the financial decisions, or perhaps one of you has spending habits that sends your partner over the edge. For middle-aged couples, these constant arguments can add up and eventually lead to their demise.

Infidelity

Rarely do relationships survive instances of infidelity, especially after you have spent decades together and have full trust in your spouse. Being unfaithful in a marriage is one of the quickest ways that a relationship can become severed, and with various dating apps and websites at your disposal, it can feel as if temptation is surrounding you at all times. Baby Boomers tend to be individualists and can often place their own needs above others. While cheating may not carry the same stigma that it once did, these actions can still lead to severe consequences in a marriage.

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Joliet divorce attorneysDetermining what to do with your family home during the asset division process can be a difficult task. For some, it may be obvious who will be keeping the house and who will be moving out. For others, it may be a contentious conversation to have during your divorce proceedings. Illinois divides marital property equitably, but not necessarily equally, and this reality can leave you wondering how you and your spouse will each be granted equivalent amounts of marital property if your family home is your most expensive asset. With the help of a reputable divorce attorney, you can be fully informed on the options available to you and will receive your fair share.

Dividing Your Large Assets

For those who have more than one large asset, determining who gets the family home may not seem like an unfair discussion. If you and your spouse have multiple large assets, such as luxury cars or a vacation home, you may just agree to have one spouse keep the home and the other keep the second large asset. This is the easier route to take if it is a possibility, but for most families, their home is their one and only particularly large asset.

Buy Out Your Spouse

In order to avoid having one spouse benefit by receiving the largest asset, while the other spouse feels short-changed, the spouse who intends on keeping the marital home can buy out their former spouse. This requires an official appraisal of your house’s current market value, dividing the number in half, and the new sole-homeowner paying their former spouse for their half of the ownership. This is a common solution used by divorcing parents, allowing the children to remain in their current home with one parent while the other parent finds alternative housing.

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