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November 2017 Archives

Divorce: Facing the financial realities

Whether an individual sees the end of a marriage as a bitter end or a new chance to start over will depend on the exact circumstances surrounding the situation. Either way, at the end of a marriage, a person will likely come face to face with the current financial reality and questions of how to best move forward. Illinois residents who are considering divorce may find some helpful tips from a recent news article about post-marital finances. 

Planning to divorce? Keep these tips in mind

Whether you have been married for thirty years or three years, divorce is hard. You have to make decisions regarding what you want to fight for, what you can let go of and even how best to tell the kids. Unfortunately, it is easy to make some costly mistakes when you make these important decisions. However, there are multiple tools available to help you get through the process while mitigating potential losses.

Careful property division is worth special attention

Many couples today may be tempted to handle the details of divorce themselves, but they might not realize that this decision could potentially come with costly mistakes. Individuals considering divorce should be informed of all the potential tax ramifications and other details of separating retirement accounts. This and other property division concerns may have certain individuals in Illinois considering their options during the divorce process. 

Child custody during the holidays

The most wonderful times of the year can be a little stressful, too. In between enjoying the company of family and celebrations comes the hustle and friction also. For families undergoing divorce in Illinois, that stress can sometimes be amplified. A detailed child custody plan along with a pinch of positivity may be the soothing balm for holiday flare-ups. 

3 options for your family home in divorce

A home is more than just a place to live. It's a place where memories are made. While some may see a standard kitchen, you see the place where your family gathered around for big Sunday morning breakfasts. And while others see the living room as a place to put the TV, you remember your son learning to sit up by pulling himself up along the furniture.

3 tips for divorced parents this holiday season

With many big box stores breaking out the holiday decorations, it is safe to say it is officially the holiday season. Just thinking about all the shopping, planning and expectations can send any parent into a panic. However, for those who recently went through a divorce, the thought of the holiday season can be overwhelming.

Tips to protect your retirement goals during divorce

Divorce impacts your financial goals in many ways. Are you properly planning for life after divorce? The answer is likely no. Many couples get divorced every year in Illinois. Like most couples, you are probably concerned about the impact divorce will have on your finances, including your retirement plans.

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The Stogsdill Law Firm, P.C.
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Wheaton, IL 60189

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