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Wheaton divorce lawyersAs the world becomes more digital, so do the various aspects of our lives; that includes separation and divorce. In fact, there are several phone applications that promise an easier way to manage, coordinate, and track things like support payments, parenting time schedules, and documents. There are even applications that allow you to complete the entire divorce process, right from your smartphone – but can you really trust an app with such a sensitive and complex matter? The following explores the answer to this question, and it provides you with details on how to reduce the risk of costly oversights and mistakes while navigating through your divorce.

Divorce Helper Applications

Divorce helper applications, or those that are designed to help you track, manage, or coordinate certain aspects of your divorce, are rarely a cause for concern. In fact, many divorcing parties have praised these technological tools, saying they stayed better organized throughout the entire divorce process. We recommend apps that offer real-time adjustments and notifications for things like schedule changes and document sharing to ensure you get the most out of your app.

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Illinois family law attorneysDiscussing a legal document that outlines your divorce before you are even married may not seem like the most romantic move. However, experts are now encouraging couples to talk about their finances, as well as the possibility of a divorce, before they wed. Part of this is due to the increasing prevalence of divorce and second marriages among older adults, and the intentional delay of marriage among millennials. The increase in entrepreneurship and small businesses are yet another factor.

Thankfully, a prenuptial agreement can help in these situations (as well as others). Learn more in the following sections, and discover how an experienced family law attorney can help you plan for the worst possible situation without it tainting the joy of your impending marriage.

Step Out of Your Emotions

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Illinois divorce lawyersWhile it is possible to take a divorce case to litigation, settlements are often more favorable for all parties if a settlement can be negotiated. Sadly, divorce often involves a lot of deep and painful emotions, and that can cause people to act in ways that are unexpected or out of character. Money and child-related matters can also turn what might have been an amicable situation into a contentious one, especially if one or both parties try to use hard bargaining tactics to get what they want in the divorce. Learn how to reduce the risk of such issues in your case, thereby increasing your chances of obtaining a favorable settlement in an Illinois divorce.

Leave Your Emotions Out of the Process

It can be difficult to separate your emotions from the legal aspects of your divorce, yet doing so is essential if you hope to successfully navigate the negotiation process. That is because you cannot make rational decisions about your assets or other aspects of your case if you are viewing them through an emotional lens and placing a non-monetary value on them. Most divorcing parties find that therapy and other support systems, such as family and friends, are a great way to process the emotions they experience during the divorce process so that they do not affect the proceedings. Self-care can also be helpful in counteracting negative or painful emotions.

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DuPage County divorce lawyersDivorce is a legally complex process with numerous pitfalls and challenges, which is why parties are advised to each seek their own legal counsel. High asset divorce – a case in which one or both parties has a high net worth or has a higher-than-middle-class income – only further complicates matters. Learn more about the risks associated with a high net worth divorce and how to mitigate against them, and discover how an experienced attorney can help protect your interests and financial future throughout the entire divorce process.

Accurate Valuation of the Marital Estate is Critical

Valuation of the marital estate is a critical element in every divorce, but in a high net worth divorce, the importance is further heightened by the complex (and sometimes inconsistent, fluctuating, or changing) assets involved. Keep in mind that many of the assets may not even be in you or your spouse’s name. Instead, they may be listed under the name of a company, or they may be found in overseas accounts, where tax breaks may be more readily available.

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Illinois bankruptcy lawyerWhen deciding whether or not to file for Chapter 7 or Chapter 13 bankruptcy, often the choice boils down to the immediate finances. Chapter 7 bankruptcy usually requires a higher upfront payment, typically around $1,000 versus Chapter 13 may offer $0 deposit. Throughout the duration, Chapter 13 is more expensive, approximately $3,000, but many debtors are unable to produce the higher initial costs for the alternative, and Chapter 13 often allows the inclusion of the fees in the repayment plan. Unfortunately, for a significant portion of the population, this decision is costly with lasting effects on the credit for only short-term relief.

Debtors Below The Poverty Line Are More Susceptible to Relapse

The low initial costs of Chapter 13 bankruptcy is alluring for many individuals struggling to make ends meet. Armed with the dream of living in a home without collectors calling around the clock and having some money left over at the end of the month, many debtors turn to debt relief options. However, not all bankruptcy options are equal. Chapter 13 operates on a repayment plan, typically about five years in length. So long as payments are kept up to date, collectors are unable to harass clients. However, for the population living under the poverty line and struggling to make ends meet, about half make it through the first year, let alone five years, and the calls begin once more.

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Abraham Lincoln A lawyer’s time and advice are his stock and trade. -Abraham Lincoln
Warrenville Office
Address28371 Davis Parkway
Suite 103
Warrenville, IL 60555
Phone(630) 657-5052
Fax(888) 350-9195
Wheaton Office
Address1776 S. Naperville Road
Building A, Suite 105
Wheaton, IL 60189
Phone(630) 580-6373
Fax(888) 350-9195
Chicago Office
Address321 N. Clark Street
Suite 900
Chicago, IL 60654
Phone(312) 985-5676
Fax(888) 350-9195
Joliet Office
Address58 N. Chicago Street
7th Floor
Joliet, IL 60432
Phone(815) 582-4901
Fax(888) 350-9195
Davi Law Group, LLC handles family law, estate planning and real estate matters for clients in Chicago and throughout the western suburbs including DuPage County, Will County, Kane County, Kendall County and Cook County and the cities of Aurora, Bloomingdale, Bolingbrook, Carol Stream, Darien, Downers Grove, Elmhurst, Geneva, Glen Ellyn, Hinsdale, Joliet, Kendall County, Lisle, Lombard, Naperville, Oak Park, Oak Brook, Oswego, Park Ridge, Roselle, St. Charles, Villa Park, Warrenville, Wheaton, Winfield, Woodridge and Yorkville, Illinois.
Warrenville Office
Address28371 Davis Parkway, Suite 103, Warrenville, IL 60555
Phone(630) 657-5052
Fax(888) 350-9195
Wheaton Office
Address1776 S. Naperville Road, Building A, Suite 105, Wheaton, IL 60189
Phone(630) 580-6373
Fax(888) 350-9195
Chicago Office
Address321 N. Clark Street, Suite 900, Chicago, IL 60654
Phone(312) 985-5676
Fax(888) 350-9195
Joliet Office
Address58 N. Chicago Street, 7th Floor,
Joliet, IL 60432
Phone(815) 582-4901
Fax(888) 350-9195
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