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Wheaton parenting plan lawyersWhether or not we want to admit it, celebrities are often the trendsetters in life. Trends in divorce are no different, which is probably why the concept of birds nesting divorce has gained so much traction in the past few years. In many ways, it is a positive thing; it can allow non-celebrity parents the time they need to save money (especially if they are sharing a non-home location as well). However, it is not the right option for every couple. In the following, you can learn some tips to help you determine whether a nesting divorce may work in your case, or if another type of parenting plan may be more suitable for your Illinois divorce. 

How a Nesting Divorce Works

In a nesting divorce, children stay and sleep in the same home every night (usually the home they lived in before the divorce) while the parents rotate in and out. Some experts believe this is less traumatizing for young children who may not do well with going from one parent’s house to the other. However, there are other studies that indicate even infants and toddlers can switch houses with little to no issue. Still, there are some things to be said about keeping the children in the family home. 

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Wheaton divorce lawyersWhen one party is severely disadvantaged in a broken marriage, it can feel like an excuse to stay. Yet, unbeknownst to some, it is not necessary to do this. Instead, it may be possible for a party to obtain child support and/or alimony before a divorce has been completely finalized. Learn more in the following sections, including how to go about the process, and discover how a seasoned divorce attorney can assist and improve the outcome of your case. 

Are You Eligible for Alimony or Child Support?

Not all parties are eligible for alimony or child support in a divorce. In fact, alimony is becoming less common in divorce, and some recent changes to Illinois’ child support laws have created situations in which neither parent pays support (i.e. parents have near equal income and near equal parenting time). However, if you are disadvantaged in your marriage - perhaps because of a health condition or because you stayed home to raise your children - you may be eligible for alimony, child support, or perhaps even both.

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Illinois divorce lawyersWhile most spouses embark on their divorce with no malicious intent, there are others who attempt to “get even” before they have even told their spouse that they want to separate. Some do this by running up debt, taking out new lines of credit under their spouse’s name, and intentionally dissipating their marital assets. Still, there are some who cash out an investment account, such as their pension plan or retirement account, and then spend or hide it to keep it from being added to the marital estate. Learn how to deal with this challenge in your Illinois divorce, and discover how the assistance of a seasoned divorce attorney can improve the final outcome of your case. 

Tracking Down the Missing Money

Most partners who remove money from their pension or retirement account to avoid having it added in the divorce will allow a great deal of time to lapse before divulging their desire to divorce. The reason for this is simple: by waiting, they hinder your ability to track down the missing money. However, it may still be possible to determine whether they spent the money or are simply trying to hide it. In most cases, there is a paper trail or large and frivolous purchases. Financial experts and a seasoned attorney can help you in this step by providing you with support, assistance, and valuable knowledge and resources. 

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DuPage County divorce attorneyWhile divorce can be financially devastating at any stage of life, those who are nearing retirement are considered to be at the greatest risk for severe financial losses. Thankfully, it is possible to mitigate against this all-too-common gray divorce issue. Learn how in the following sections, including how a seasoned divorce attorney can help improve the outcome of your Illinois divorce case. 

Understanding the Risks of a Gray Divorce 

The risks associated with gray divorce are no different from those seen in other divorce cases. Instead, it is the age and stage of life of the divorcee that creates additional risks. Financial losses are more difficult to overcome because the individual is nearing the end of their income-earning years. That also means that the individual is nearly done contributing to the account. When one considers that retirement accounts are often one of the more valuable assets that a party owns, the risk of severe financial loss in a divorce becomes clear and extremely real. 

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Wheaton divorce lawyersDuring an Illinois divorce, a couple’s marital estate is totaled and then divided according to the law. In that marital estate is not just a couple’s assets and income; debt is factored in as well. Unfortunately, this can be especially problematic in a divorce - and not just because it can affect the amount of one’s settlement. 

Couples might have different values when it comes to money and debt, and one party may have contributed more to the couple’s debt load than the other. Alternatively, one party may have less of an ability to repay the debts because they have a fixed or limited earning ability. Whatever the situation, parties are encouraged to educate themselves on dealing with debt in a divorce, and that includes learning how to go about deciding who should pay for the couple’s credit card debts. 

Making the Decision Through Negotiation 

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Abraham Lincoln A lawyer’s time and advice are his stock and trade. -Abraham Lincoln
Warrenville Office
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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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