970 McHenry Avenue, Crystal Lake, IL 60014
Search
Botto Gilbert Lancaster, PC

Call Today for Your FREE Consultation

Call Us800-338-3833 | 815-338-3838

Facebook Twitter LinkedIn
Subscribe to this list via RSS Blog posts tagged in McHenry County divorce attorney

Four Types of Personal Documents You Need for Your DivorceYou and your divorce attorney will spend much of the process going over your finances to determine how you will divide them with your spouse. Your attorney needs official documentation to have accurate financial information and know if your spouse is telling the truth during negotiations. While your attorney is skilled at finding these documents, you can save yourself time and legal expense by providing them yourself. You can anticipate that your attorney will need several documents during your initial meetings about your divorce:

  1. Proof of Income: How much money you and your spouse make will determine the division of child support and whether spousal maintenance will be awarded. Copies of your and your spouse’s recent check stubs will show your regular pay and how much money you have earned this year. Recent income tax returns will give a larger picture for the last several years. You may need other financial records if you or your spouse are self-employed, such as check registers and bank statements.
  2. Financial Statements: Speaking of bank statements, you will need statements showing the current balances of financial accounts, both shared and individual. You will divide the money from your joint checking and savings accounts, as well as any joint investments, such as mutual funds, stocks, and bonds. Individual investments, such as retirement accounts, can be subject to division if they were accrued during your marriage. It is also wise to know your spouse’s non-marital financial assets, which are part of their total worth.
  3. Property Records: You should have the contracts for any major properties you purchased during your marriage, such as the deed to your home and the titles of your vehicles. You should also present any statements related to loan payments on these properties, such as your mortgage. These records will help your attorney determine the actual value of these properties and whether one of you has a stronger claim to a property.
  4. Debt Statements: Spouses divide their debts during their divorce, just as they divide their assets. Besides the previously mentioned property loan statements, you should present statements for any other debts, such as credit cards, medical bills, or bank loans.

Contact a McHenry County Divorce Lawyer

Providing all of these documents will give your attorney a head start in preparing for your divorce. At Botto Gilbert Lancaster, PC, we know that the search for financial information does not stop there. A Crystal Lake, Illinois, divorce attorney will thoroughly search for any hidden or overlooked assets from your marriage. Schedule a free consultation by calling 815-338-3838.

Source:

...

Activities That Distract You From Divorce StressWhen going through a divorce, it is common for the process to consume your thoughts, even when you are supposed to be taking a break. Some divorce anxiety is understandable and shows that you appreciate the importance of the decisions you are making. However, you could be building towards a nervous breakdown if you cannot occasionally distract yourself from that stress. Simply relaxing may not be enough to help you temporarily forget about your divorce. You need to find activities that are both physically and mentally engaging.

Exercise

A fitness routine helps many people treat their daily anxieties. It is tempting to forgo regular exercise because your divorce, work life, and personal life leave you exhausted. However, exercise can benefit you in ways that normal relaxation cannot, such as:

  • Expelling your built-up stress;
  • Making you feel healthier;
  • Releasing endorphins that can improve your mood; and
  • Improving your sleeping.

Exercise comes in many forms besides running on a treadmill or lifting weights. You can join classes for aerobics, yoga, dance, or martial arts. Outdoor activities, such as hiking, cycling or rock climbing, can be a source of fun and exercise. Joining classes or groups will also add a social component to your experience that can help distract you.

...

Which Times in a Marriage Is Divorce Most Likely to Occur?Divorce researchers have long sought ways to predict when marriage will end in divorce. There are too many variables to create a formula that will calculate your chances of divorce, but researchers explore many factors that correlate with increased divorce risk. One factor is whether the number of years you have been married will affect your risk of divorce. You may logically conclude that your chances of divorce will steadily decrease the longer you are married. Instead, divorce statistics show three separate periods during the length of a marriage when the risk of divorce is typically the highest.

First Two Years

The start of a marriage is understandably a time when a marriage may be vulnerable. The couple is learning what it is like to be married to each other, which is different from being in a long-term relationship:

  • Feelings of romance are joined or replaced by the serious responsibilities of being in a marriage;
  • Financial stress may test the couple’s relationship for the first time; and
  • People who are no longer courting each other may relax and show unseen sides of their personalities.

The first two years are when a couple is most likely to realize that their marriage was a mistake and cut ties before they become any more attached to each other.

...

Appropriate Tasks for Different Members of Your Divorce Support SystemYou will often find a strong support system behind people who successfully go through a divorce. Divorcees will rely on the kindness of friends, family, professionals and even some casual acquaintances who have experience with divorce. It is important to find your support system when going through a divorce, but you also need to know what to ask of each member. A family member should not be making legal decisions related to your divorce. Asking your divorce attorney to console you when you are depressed is an ineffective use of the time you are paying him or her for. There are more appropriate ways for your support system to help you.

Friends and Family

Adult members of your family and your close friends are the people you can rely on for help with your personal life during your divorce. They are the people you turn to when you need:

  • A sympathetic shoulder to cry on;
  • Help with completing daily tasks;
  • Someone to watch your children on short notice; or
  • Someone who can help you forget your stress for a moment.

The friends in your support system should be people who have a limited personal connection with your spouse or a much stronger relationship with you. A mutual friend of you and your spouse may feel uncomfortable picking sides during your divorce.

...

A Prenuptial Agreement Can Protect Your Business During DivorceBusiness owners must prioritize securing their business and its assets during a divorce. In most cases, a business is a marital property that is included during the division of property. Business owners are unlikely to split ownership with a divorcing spouse who did not own or help run the business during their marriage. However, the two sides may dispute the value of the business and how much the other spouse should receive to offset that value. As a business owner, you can plan ahead to protect your business during a potential divorce by including it in a prenuptial or postnuptial agreement.

Why Is Your Business a Marital Property?

Spouses normally differentiate between marital and nonmarital properties based on whether one of them purchased the property before their marriage. However, a business predating a marriage is not enough evidence to make it a nonmarital property:

  • You may have invested marital money into your business; 
  • Your business may be the primary source of income in your marriage; and
  • Your spouse may have sacrificed part of his or her career to allow you to focus on your business.

Your spouse can claim that the amount that your business increased in value during your marriage is marital property.

...
Illinois State Bar Association State Bar of Wisconsin Crystal Lake Chamber of Commerce Illinois Trial Lawyers Association McHenry County Bar Association
Back to Top