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Illinois divorce lawyersFor the thousands of Americans that elect to pursue a divorce each year, separating from a former-spouse can be an incredibly positive life-changing decision. However, parties must be prepared to live independently once the divorce process is finalized. Financial independence is, arguably, one of the more difficult aspects to master, post-divorce. As such, it is critical that parties start to prepare for financial independence as soon as possible. One of the best places to start is to consult with a seasoned divorce lawyer about the health of your finances, and how the divorce could impact it, moving forward.

Steps to Securing Financial Stability

Once your divorce has been finalized, you need to act quickly to ensure long-term financial security. A quality attorney can help you develop an action plan, and begin working towards financial independence.

Develop a New Budget: After your divorce, it is important to recognize that you are no longer able to count on the income of your former spouse. The development of an independent budget can help you make decisions about what kind of housing options you can afford, what extracurricular activities your children can participate in, and whether or not you need to make various changes to your lifestyle. Budgeting for your new lifestyle can be a laborious task, but it can also save you from an unsustainable financial future.

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Posted on in Divorce

Illinois divorce lawyersWhen preparing for a divorce, many people do not want to think about the logistical side of the separation process. A divorce represents a monumental change in a couple’s life, as the two parties will likely face a much different living situation, daily routine, and lifestyle. While the divorce process can be emotional and difficult to process, it is also complicated. As you prepare for your divorce, there are a few steps you should take to ensure that you and your family will be financially comfortable, moving forward.

Find a Divorce Attorney You Can Trust: Once you have made the decision to pursue a divorce, it is time to move forward and begin thinking about all the logistics that come with a separation. The best place to start is by hiring a quality divorce attorney. Choosing an attorney quickly can give you time to prepare for potential court hearings and litigation. When looking for a divorce attorney, it is important to ask yourself a few key questions: How much experience does this firm have? Does my personality work with the prospective attorney? Can I trust them?  

Communicate Your Priorities: Once you have answered the questions above and have chosen an attorney, it is time to get to work. The first step that you can take in working with your attorney is to communicate what assets are most important to you as your divorce case moves forward. Do you own a house that has been in your family for generations? Is a sole-custody parenting plan your number one priority? Communication is key in developing the best working relationship with your attorney.

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