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IL divorce lawyerWe cannot control when we meet the man or woman of our dreams. Sometimes, a married individual meets someone else and decides to leave his or her spouse for their new partner. If you are planning to divorce your spouse and begin a new relationship with someone else, you may wonder how this situation will influence your divorce proceedings. There are several ways that a new romantic partner can affect your divorce – legally and personally – so obtaining legal guidance from an experienced divorce attorney is highly recommended in this situation.

Dissipation of Assets

Illinois is a no-fault divorce state. This means that there are not fault-based grounds for divorce. Marital infidelity does not automatically influence an individual’s divorce settlement. However, there are ways that your extramarital relationship can significantly impact your divorce. Dissipation of assets occurs when a married person uses funds or property on a purpose not related to the marriage while the marriage is undergoing a “breakdown.” If you spent a substantial amount of money on your new boyfriend or girlfriend at the end of your marriage, your spouse may file a dissipation claim against you and you may be required to reimburse him or her for the funds you spent on your new partner.

Spousal Support and Child Support

If you choose to get remarried to your new partner after your divorce, you should know that this can affect child support or spousal maintenance. Illinois spousal support automatically ends when the recipient gets remarried. Spousal support or “alimony” is eligible for termination if the recipient is cohabitating with a romantic partner. Your new partner’s financial support may also influence your child support order. If you receive child support, your partner’s income could result in you having more disposable income. This means that your ex-spouse could request a child support modification and may be eligible for a reduced child support obligation.

Personal Implications

Divorce is never easy, but it is often especially dramatic when someone leaves their spouse for a new boyfriend or girlfriend. Your spouse may be heartbroken or angry about the split. He or she may take this out on you by refusing to agree to a divorce settlement or unnecessarily dragging out the divorce proceedings. The best way to handle this complicated situation is to speak with a divorce attorney early in the process. Your attorney can help you prepare for divorce and help the split go as smoothly as possible.

Contact a Kane County Divorce Lawyer

If you are ready to end your marriage, contact a skilled St. Charles, IL divorce attorney from Shaw Family Law, P.C. Our team understands that your situation is complicated and we are ready to help. Call 630-584-5550 and schedule a free, confidential consultation today.

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IL divorce lawyerWhen two people marry, many of their possessions change from “yours” and “mine” into “ours.” Couples may share a home, vehicles, property, bank accounts, and more. When a married couple gets divorced, deciding which spouse should retain which assets can be quite difficult. There are many factors that can complicate the already complex process of property division. If you are planning to divorce and need help with asset division, contact an experienced family law attorney.

Complex Assets

Illinois couples have the option to make their own decisions regarding the division of the marital estate. However, couples who disagree about asset division may require court intervention. If a couple owns complex or high-value assets, it is likely that the process of property division will be much more involved. Assets which can complicate the property division process include but are not limited to:

  • Family businesses
  • Trusts
  • Stocks, bonds, and other investments
  • inheritances or gifts
  • Real estate
  • Pensions and 401ks
  • Deferred compensation
  • Royalties
  • Executive bonuses
  • Offshore accounts

Duration of Marriage and Age of Spouses

You may be surprised to learn that the divorce rate for people over 50 years of age has doubled since 1990. More and more older Americans are getting divorced. Many individuals over the age of 50 have accumulated a significant amount of money in a term life insurance, 401k plan, or retirement account. They may also be receiving Social Security benefits. The duration of a marriage can influence several aspects of divorce as well including asset division, child custody, child support, spousal maintenance, and more. When a marriage of 20 years or more ends, the process of untangling the spouses’ intertwined financial lives can be especially difficult.

Dissipated Assets

Property or funds which are wasted near the end of a marriage are referred to as “dissipated assets.” Examples of dissipated assets can include funds lost to gambling or drug addiction, money spent on a secret affair, and property which was destroyed by another spouse in an act of retaliation. In order to be considered dissipation, the frivolous spending must be “for the sole benefit of one spouse and for a purpose unrelated to the marriage.” Furthermore, the spending must take place “when the marriage is undergoing an irreconcilable breakdown.” Generally, an “irreconcilable breakdown” refers to the time when a couple stops making attempts at reconciliation. If you and your legal team can prove that your spouse dissipated significant assets, you may be given a larger share of the marital estate to compensate for the lost property or funds.

Contact a St. Charles Property Division Lawyer

If you are getting divorced and have questions about property division, contact Shaw Family Law, P.C. to get the answers you need. Schedule a free, confidential consultation with a knowledgeable Kane County divorce attorney by calling us at 630-584-5550 today.

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