Along with the many other concerns of dissolving a marriage in Illinois, soon-to-be exes often have to worry about splitting joint credit card debt. Experts recommend leaving a marriage with no joint debt. While this may seem difficult to achieve, there are ways couples can work together to eliminate joint debt during the divorce process.
A study by Experian in 2017 found that more than half of couples said finances were a factor in their divorce, and an additional 20 percent said finances played a large part in their split. Couples in Illinois should talk about finances before they get married.
The divorce process itself can be a source of stress and uncertainty for anyone choosing to end a marriage in Illinois. It will be even more challenging if children are involved and one parent suspects that the other one is acting irresponsibly around them. This is essentially the gist of a story one man shared online that illustrates the potential complications associated with untying the knot for parents. In this particular instance, it's the father who is concerned about his spouse's alcohol abuse around their son.
One of the most contentious issues in a divorce can be what happens to the financial assets. That's why divorcing Illinois couples should keep in mind all the tax implications of a separation.
It's fairly common for couples in Illinois and other parts of the country to opt to live together before considering marriage. The logic behind arrangements like this is that cohabitation prior to legally tying the knot gives two people a chance to see how well-suited they really are for one another. However, when couples who have lived together eventually get married, their risk of divorce may be greater according to findings from a study on this topic.
Many parents in Illinois share custody of their children. Some exes share joint custody, which is where each parent has the children in their physical custody approximately half the time. Others have primary custody in which the noncustodial parent has visitation. Either way, there are several ways a custodial parent can make the family situation easier.
Illinois residents who are employed in industries that expose them to numerous co-workers of the opposite sex could experience a greater rate of divorce according to a study based on Danish demographic data. A researcher at Stockholm University analyzed the massive trove of demographic data collected in Denmark and found a correlation between divorce rates and the availability of alternative partners at work.
Stress and depression related to divorce have been known to exacerbate existing health problems or cause the emergence of new ones. People at or over the age of 50 are at a heightened risk for mental and physical health problems when they divorce later in life. In Illinois, the process begins with the filing of a divorce petition, and the stress may begin earlier than that. According to the Holmes-Rahe Stress Inventory, legal uncoupling is the second most stressful life event that is commonly experienced.
Sharing child custody can offer many benefits to Illinois parents. For example, one parent won't be solely responsible for creating and enforcing rules and boundaries. Shared custody also means that a parent can develop a routine that balances family life with work and social obligations. Parents should work together with their children to find a schedule that works well for everyone.
An Illinois couple may choose to get divorced for a variety of reasons. However, unless a spouse is in an unsafe relationship, rushing to a divorce may not be a wise decision. It's important to consider the potential negative consequences, especially when the partners are older.