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Lawyers Explain Divorce Exit Strategy in Illinois

Chicago Divorce Attorneys Help With Your Exit Strategy

The idea of filing for divorce can seem overwhelming, even staggering. You may wonder how you'll ever get through the divorce process, or what will happen to you if you don't. The emotional and financial costs may seem like too much to bear. But they don't have to be. An experienced family law attorney in Illinois can help you devise an exit strategy that enables you to leave the marriage behind and start a new life.

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What Are The First Steps I Should Take?

Divorce decisions frequently involve emotional turmoil. Making the best decisions, however, requires keeping a clear head and being honest about your financial needs, as well as your desires. When considering divorce, start preparing an exit strategy by considering the following points:

Find and make copies of important documents. Having a clear picture of the assets and debt in the marriage provides two advantages. First, it clarifies what financial resources are available and helps highlight where some of the major disputes might crop up. Second, it ensures that the marriage's financial status is no secret, which helps you know what to ask for and helps prevent your spouse from hiding or misrepresenting the amount of marital assets and/or debt.

Hire an experienced divorce and family law attorney. An experienced divorce lawyer has been down this path before. Your attorney acts as your guide, keeping you away from the most likely dangers and pitfalls and helping you create and implement an exit strategy that works for you during the divorce and after.

Some of the invaluable assistance an experienced Chicago divorce lawyer can provide includes:

  • Establishing the financial status of the marriage;
  • Determining what you need and how to make the marital assets work for you;
  • Helping you make decisions during the divorce, such as where to stay and how to discuss the divorce with your children or family members;
  • Negotiating with your spouse and/or your spouse's attorney to ensure your needs and your children's needs are met;
  • Advocating on your behalf in mediation and, if necessary, in court;
  • Providing advice and direction as you prepare for your new life.

Business partners frequently set up a written "exit strategy" so that everyone involved is clear on where the business is heading and how the business can be brought to an end with every partner receiving his or her fair share. When it comes to your financial situation, a marriage has much in common with a business partnership - and a divorce often resembles the splitting up of a business. Creating an exit strategy is a smart way to protect your financial interests and to ensure that you receive what you need and deserve from the marital assets, so that you can move forward with your life.

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Clear and Concise Counsel

At Nottage and Ward, LLP, we understand that divorce is an emotional experience. That's why we're dedicated to providing the clear-headed, rational advice and support you need during this turbulent time. If you need an exit strategy, contact our Chicago office today at (312) 332-2915.

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Avvo Top Contributor Family Law - Jeffrey Knipmeyer
Avvo Top Contributor Divorce Law - Jeffrey Knipmeyer