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Oak Park IL divorce lawyerIf one were to ask, say, 10 married couples if they have ever hidden any type of financial information from each other, how many do you think would say that they have? Chances are, there would be a good number of them that answer, “yes.” According to a new survey from CreditCards.com, around 40 percent of respondents of all ages who are currently in serious relationships admitted that they were actively hiding a credit card, checking or savings account from their partner. Financial infidelity is common in marriages, but it can come back to haunt the guilty party during their divorce. A partner who commits financial infidelity during a marriage is also likely to affect the financial aspects of the divorce.

What is Financial Infidelity?

There are various definitions of “financial infidelity,” but most commonly it refers to any type of lying or deception about money matters between romantic partners who have combined finances. Many actions and behaviors can qualify as financial infidelity, and all of them can have a significant impact on their partner’s financial situation. Examples of actions that can be considered financial infidelity include:

  • Hiding debts that you currently owe

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Oak Park IL divorce attorneyOne of the first questions most people have when they find themselves beginning to look into the possibility of divorce is how much the divorce process will cost. One of the well-known facts about divorce is that it is not cheap. According to a recent article in USA Today, the average cost of a divorce ranges from $8,400 to $17,500, when all factors are accounted for, so clearly, there is no one price tag that you can put on every divorce. The actual final cost of your divorce will end up being based on a variety of factors, with one of the biggest factors being the cost of your divorce lawyer.

Factors Affecting the Cost of a Divorce

One of the basic factors that affects the cost of a divorce is simply where you live. In states and cities with higher costs of living, the cost of getting a divorce is likely to be higher. In states that have a lower-than-average cost of living, the cost of getting a divorce is also likely to be lower. Some of the other factors that can affect the cost of your divorce include:

  • Your attorney’s hourly fees. One of the biggest contributors to the cost will be the amount you pay to your attorney. The majority of people who get divorced hire a lawyer, as they can assist you greatly throughout the process. USA Today reported recently that the average rate for a divorce lawyer is $270 per hour.

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Posted on in Divorce

Oak Park uncontested divorce attorneyYour marriage is coming to an end. You are about to begin a new chapter of your life, and you would prefer to start it without a mountain of divorce costs. Although the thought of a do-it-yourself divorce has crossed your mind, you know that doing so may complicate matters, drag out the process and often can result in additional, future litigation. Furthermore, if your partner has an attorney, and you decide to represent yourself, the judge may never hear “your side of the story,” and you may lose everything. If you know that having legal divorce help is your best option, but you are wary of the cost, try these budget-friendly divorce tips:

File for an Uncontested Divorce

If you and your spouse agree on most of the significant issues, you may benefit from filing for an uncontested divorce. Uncontested does not mean that your divorce will be free from disagreements; rather, it means that you can resolve them outside of court, allowing you to move more quickly through the court process to finalize your divorce. In an uncontested divorce, you should be sure to address the following issues:

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