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Tag Archives: divorce risks

Wheaton divorce attorneysAlthough the divorce rate has been steadily dropping over the last two decades, statistics indicate that about 43 percent of all married couples are still deciding to call it quits. Many factors can influence the chances that a couple will ultimately make this decision, including the education level and income of the parties and the number of children they have. Now a new cohort suggests that a person’s chosen career path may also increase their risk of a divorce. 

How Career Paths May Influence the Risk of a Divorce

Scientific studies have examined various factors that can increase a person’s risk of divorce, but until the recent study from Stockholm University, no one had really considered how work might impact marital relationships. Yet, this is where people tend to spend most of their time, which is exactly why the authors decided to fill this gap. They examined data on hundreds of thousands of Danes, looking for links between employment and divorce. Ultimately, they determined that more mates at work tended to increase the risk of divorce, but the complete data is actually a little more complex. 

Industries that are dominated by men (i.e. construction) had the lowest rate of divorce for men, but women in these same fields were more likely to end their marriage than those in female-dominated industries (such as nursing). Likewise, women had a lower rate of divorce in female-dominated industries than men. However, the increased risk of divorce in opposite-gender fields seemed to impact men more than women. The lowest risk of divorce for both genders seemed to be in industries where there were few co-workers to speak of (i.e. librarians, farmers, etc.), while the highest risk was associated with industries where there were not just multiple co-workers, but an intense need for social interaction and a high concentration of both males and females (i.e. hotels, restaurants, etc.). Scientists say that, based on these results, it is the exposure to potential mates in the workplace that is increasing the risk of divorce. 

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Illinois divorce lawyersDivorce, like many things in today's do-it-yourself society, has become something that people try to handle on their own. Unfortunately, a DIY divorce approach can result in numerous consequences for both parties. Learn more about them in the following sections, and discover where you can find seasoned, competent legal representation in your Illinois divorce case. 

Incorrect Valuation of the Marital Estate

One of the first steps in divorce is to determine the worth of a couple’s marital estate, which is typically done through a complex process known as a valuation. Sadly, there are many things can impede the valuation, such as a spouse trying to hide or dissipate their marital assets to keep money away from their spouse. Parties may also make mistakes when trying to handle the matter on their own, which can dramatically impact one’s settlement amount. In extreme cases, improper valuation may even result in an extreme financial loss, which could result in financial strain after the divorce or even divorce-induced poverty. 

Improper Division of a Retirement Account or Pension Plan

Retirement accounts and pension plans can be exceptionally difficult to divide in divorce - and most just because they are subject to improper valuation (a problem that is highly common with pension plans since they can change value several times over the course of the divorce). The rules of division vary from one type of pension plan to the next. For example, a 401K needs a qualified domestic relations order (QDRO), and the document must match the information found in the divorce decree, but other retirement plans may not require this same document. Since retirement accounts are often one of the more valuable assets that a couple owns, any mistakes can be costly for the involved parties - and not just immediately, but far into the future.  

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Illinois divorce lawyersStudies have consistently shown that women are often the ones to initiate divorce, but what are their reasons? A recent survey, conducted by the Australian Institute of Family Studies, asked 43,000 divorced and single parent women about the reasons they ended their marriage. The following covers their top three answers, and it provides you with some strategies that you can use if you suspect that your spouse may be about to file for an Illinois divorce. 

Top Three Reasons Women Seek Divorce

The path to divorce is highly personal, and every situation is unique. Yet, as the survey revealed, there are some commonalities that women share in divorce, at least in respect to the reasons why they file. The top reason was differing life goals between partners. For example, a woman nearing her retirement age may realize that she wants to travel, but her already retired husband may only want to stay home and relax all day. The second biggest reason that women file for divorce is infidelity, and the third biggest reason is constant arguing.

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