Mistakes have a way of slowing down the process of finalizing a divorce settlement. Many Illinois couples will find that if they avoid common divorce mistakes, they can save time and money on their divorce. Most mistakes are easily categorized as either financial or emotional.
Divorce can be emotional, but it also can take a serious financial toll. It is important to understand the financial impact divorce will have both now and in the future. This includes considerations related to property division, tax ramifications, support payments, retirement accounts and budget adjustments.
It's natural for married couples who are thinking about divorce to be concerned about the financial implications of leaving their spouse - both in the immediate future and down the road. In Illinois, an award of spousal maintenance can help alleviate some of that concern.