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November 2016 Archives

Talking to Your Children About Divorce

Once the decision to divorce has been made, couples must face the difficult task of telling those that they love. Young children, who are usually directly affected by the divorce, are often the ones that concern parents most. They may struggle with how to broach the subject, and often are afraid of what their child's reaction might be. Thankfully, there are some helpful tips that parents can use to discuss the impending change. The following are just a few. 

Splitting Retirement in Divorce Can Lead to Big Tax Headaches - What You Need to Know

Of all the assets that couples possess, retirement accounts are often one of the largest. They are also one of the most difficult to divide. Do it incorrectly and you and your spouse stand to lose a significant amount of your nest egg - and not just immediately. Improper division of a retirement account can also lead to major tax headaches. The following information can help you understand some of the most common pitfalls of retirement asset division in divorce, and how you may be able to avoid them. 

Divorce Challenges for Self-Employed, High Net Worth Individuals

While divorce is almost never simple, it can be extremely complicated for high net worth individuals, especially if they are also self-employed. The normal process for discovering assets and valuing marital property is often not adequate in these cases.

Making the Nesting Divorce Work for Your Family

When it comes to parenting after divorce, there are almost as many ways to do it a there are couples. Nesting - a fast growing trend - is just one. If it is something that you and your spouse are currently considering, you should first understand the advantages and disadvantages. Secondly, it is important to know how to make this post-divorce parenting model work for you. The following provides some tips. 

The "Destination Divorce" - A Revolutionary Way to Divorce, or a Disaster in the Making?

Divorce is an experience that most couples dread. It typically means weeks of preparing and negotiation, and it may even include an in-depth investigation into a spouse's financial assets and income. Many become contentious, which can make the process drag on even more. In short, it is a process that directly contradicts the convenience and instant gratification we are used to experiencing in our everyday lives. 

As Awareness of Parental Alienation Grows, Protecting Children from Abuse Becomes More Difficult

Once upon a time, allegations of child abuse in family court cases were generally taken at face value. As a result, the alleged abusive parent was blocked off from their children, either through supervised visitation or through complete loss of parental rights. Then along came the concept of parental alienation - a situation in which one parent brainwashes the child and pits them against the other. It had been going on for years, and quickly became more recognized.

Common but Bad Advice for Business Owners Going Through Divorce

Divorce, in and of itself, is an emotionally complex situation. When you add in the potential dismantling of a closely-held business, the stress, fear, and anxiety of divorce can become overwhelming. Unfortunately, this can lead to desperation, which can make a business owner more prone to following poor advice. Protect yourself, and your business, by learning some of the worst advice and information commonly given to divorcing Illinois business owners. 

Study Suggests That Divorce May Increase Risk of Depression for Some, but Not Others

Estimates from the National Institute of Mental Health suggest that as many as 16.1 million American adults experience a depressive episode each year. Some of them may be divorcees, suffering from what is known as post-divorce depression. However, a recent study suggests that divorce, in and of itself, may not actually be a trigger for divorce. Instead, it may be certain people who are at an increased risk of depression after divorce. The following explains further, and provides some tips for those dealing with post-divorce depression, either before filing, or after. 

Parenting Time is a Privilege - Understanding When Parenting Time May Be Restricted

Parents tend to believe that they have a "right" to see and spend time with their child, but this is not always true. In fact, there are situations in which a parent can lose their parenting time or have it restricted. If you are in the midst of a child-related issue and believe that your child needs protecting, or are facing potential restriction of your parenting time, the following information can help you better understand when and why parenting time might be restricted. 

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1776 S. Naperville Road - Building B, Suite 202
Wheaton, IL 60189

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