The state of Illinois is an equitable distribution state, which means that marital assets are divided based on what is most appropriate given the circumstances of your case. To obtain a favorable outcome in your matter, it’s best to start preparing for divorce proceedings as early as possible. Let’s take a closer look at what this may mean for you.
Collect documents that establish how much the marital estate is worth
A tax return may be sufficient to prove how much you and your spouse earned in the past year. A business tax return may verify how much your spouse’s company made in the past years, which may determine the value of your share of its profits. Bank statements, brokerage statements or similar documents may clarify how much a joint financial asset was worth while you were married. In addition to helping with property division issues, these documents may make it easier to justify a request for child support or alimony.
Prepare yourself emotionally for the end of your marriage
The divorce process will likely have a profound impact on your mental and physical health. Therefore, it may be in your best interest to create a support network of friends, family members and a professional therapist. It is also a good idea to exercise regularly as it can help regulate your stress level, which can make it easier to maintain healthy eating and drinking habits.
Ideally, you’ll start preparing for your divorce as soon as you know that your marriage is not going to last. Taking this step may allow you to obtain and organize any information that you’ll need during mediation or at trial. Furthermore, being prepared may allow you to approach the divorce mediation or litigation process in a calm and rational manner.
