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Wakenight & Associates, P.C.

1100 Lake Street, Suite 120, Oak Park, IL 60301

Oak Park | 708-848-3159

DuPage County | 630-852-9700   Mokena | 815-727-6144

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Cook County divorce attorney for stay-at-home parentsStatistics show that many marriages end in divorce. Once you and your spouse make the decision to part ways, there are several issues you will need to resolve. Some of these include the division of marital assets (and debt), child support, and spousal maintenance. In some cases, one spouse may have stayed home to raise the couple‚Äôs children. In other scenarios, both parents might have pursued careers. For stay-at-home moms or dads, it can be difficult to imagine a new life as a single parent, which often means finding a job to make ends meet. However, there are ways to cope with this major life transition, and you will want to make sure you have the financial resources you need after your divorce. 

Consider the Best Housing Situation 

Depending on the allocation of parental responsibilities in a divorce, one parent may be able to stay in the marital home. This can often help ease the transition, allowing the children to remain in the house they lived in during the marriage. However, as a parent who did not work while raising your kids, home ownership can pose a significant financial burden. Making a large mortgage payment every month can seem overwhelming, and you will also be responsible for property taxes, utilities, and upkeep of your home. If you are awarded spousal support, this may allow you to cover your monthly bills, but it may be more financially feasible to sell the house. This will allow both you and your ex-spouse to receive a portion of the profits from the sale. Moving to a new residence may be a first step in beginning a new chapter for everyone.  

Understand Your Finances

It is imperative that you have a firm grasp of your financial situation during and after your divorce. You will want to know what kinds of bank or retirement accounts you and your spouse have and who is listed as the account owner. By obtaining this financial information, you can ensure that you fully understand the extent of your marital assets, allowing you to receive the property and assets you are entitled to.

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Hinsdale divorce attorney for litigation or settlementsDivorce is stressful -- there is no doubt about that. There are so many things that you and your soon-to-be-ex have to decide on. How will your assets be split? Are you going to keep the house? If you do keep the house, who will live there? How will you share your parenting time? Will one of you receive spousal support? The list is extensive, and chances are, you and your ex will not see eye-to-eye on all of these issues. Many attorneys and the court system are of the opinion that spouses working together to reach a divorce settlement without court involvement is the more favorable option, but sometimes that just is not possible. If you are planning on getting a divorce, here are a few situations in which you may need to opt for litigation, rather than negotiation or mediation:

You Were in a Violent or Abusive Marriage

If you were in a marriage that ended because of violence or abuse, you should probably skip negotiation and head straight for litigation. In many cases, marriages that involved either of those two things also involved an imbalance of power between spouses. If you feel like you are unable to advocate for your wants or needs, you will never get what you need out of your divorce if you try to negotiate with an abusive spouse.

You and Your Spouse Have Trouble Cooperating

It is highly unlikely that you and your spouse will agree on everything in your divorce. While disagreements are to be expected, the intensity of those disagreements is what you should be concerned with. If your spouse is being so uncooperative that you are unable to come to a settlement, you may need to opt for litigation instead.

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