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Wakenight & Associates, P.C.

9405 Bormet Drive, Suite 7, Mokena, IL 60448

Mokena | 815-727-6144

DuPage County | 630-852-9700   Oak Park | 708-848-3159

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 New Lenox divorce attorney for financial issues

Getting a divorce can be one of the hardest things you will ever do in your entire life. Most people know or can imagine how emotionally stressful a divorce can be, but they may not think about how other areas of their life will be affected. For many people, a divorce can also put a great deal of stress on their financial well-being. Fortunately, there are a few things you can do to prepare your finances so they do not take as big of a hit during your divorce. Here are a few ways you can help keep a sound financial footing as you go about the process of ending your marriage:

2. Gather All of Your Financial Documentation

Before you even begin to do anything, you need to make sure you have documentation for all of your finances. This can be the most important step, because having documentation in one place can help you get a sense of your current financial picture, and it can also help you plan for success once you are divorced. You should make sure you have copies of documents such as:

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Will County divorce lawyer

Making the decision to get a divorce is rarely easy. Marriages do not just break down overnight. They typically deteriorate over years or even decades. By the time you are at the point of wanting to end your marriage, you want the divorce process to go as quickly as possible. Fortunately, the state of Illinois has created a streamlined way of getting a divorce, though only some couples qualify. This type of divorce process is called a joint simplified dissolution and it can be greatly beneficial for couples who utilize it.

Qualifying Criteria

Before you file for a joint simplified dissolution, you must make sure you meet the criteria set forth in section 452 of Part IV-A of the Illinois Marriage and Dissolution of Marriage Act. You must prove that all of the following conditions exist before you can file for a joint simplified dissolution:

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New Lenox divorce lawyer financial issues

In the Chicago area, the cost of divorce can run from about $3,500, if there are no children and no disagreements over assets, debts, and money, to over $30,000 if there are these and other types of conflicts. The more you fight, the more you go to court, the higher the cost.

At the Divorce and Family Law Offices of Wakenight & Associates, P.C., we know divorce and family law inside and out. Every single day, our attorneys work with and help clients such as yourself. In every case, we aim high, and our first and primary objective is to attempt to reach an agreement on every issue.

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