Divorce is a difficult process. From navigating through the emotional turmoil of an ending relationship to attempting to split finances, divorce can be overwhelming. Whether a divorce is contentious or not, it can be easy for couples to fall into the "money grab" trap. Although coming out of the divorce with the larger chunk of money in the present may feel like a win, it could lead to financial insecurity in the future.
We discussed some special concerns of persons involved in so-called "gray divorces" in our immediately preceding blog post. A financial strategist and media commentator on divorce says that those people -- divorcing individuals in their 50s and beyond -- need to view divorce "as a business transaction."
In the great debate in family law concerning the judicial treatment of fathers who press for their rights in court, there are strong viewpoints all across the opinion spectrum. There are commentators who flatly say that men in Illinois, Missouri and nationally are routinely discriminated against in child custody, support, paternity and other matters, and there are naysayers who just as often say that such alleged unfairness seldom exists.
Divorce considerations during a marital dissolution can range from the relatively few and simple to the many and complex, with each case being quite distinct. As we -- and many other family law commentators -- have often noted, every divorce is unique and needs to be approached with due appreciation of that fact by a seasoned and client-empathetic divorce attorney.
It can be an ugly situation when it happens, but unfortunately it's a reality: sometimes a spouse in a divorce will try to hide marital assets from the division of property. This kind of dishonest behavior is illegal in Illinois, but the risk of it happening is probably greater if one spouse has traditionally handled most of the financial matters.