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High asset divorce doesn't have to be expensive in Illinois

Getting a divorce is almost always difficult, and it is even more so when you are involved in a high asset divorce. It is stressful and can be expensive.

Some people have to pay exorbitant alimony, spousal support and child support along with property division. Having your divorce in Illinois may be better than other states because Illinois is ranked fourth in the expense category for filing fees. In other states, the cost can be as much as four times more than the cheapest state.

There are divorce-related expenses that simply cannot be avoided. Dividing assets is one of them and if you don't have a prenuptial agreement in place, you may want to contact an attorney who can help you draw up this agreement if you aren't married. If you are, there are still steps you can take to protect yourself.

Financial arguments are said to be one of the main causes of divorce and can make a high asset divorce extremely stressful. It is never pleasant and can be disconcerting that to get out of a relationship that was caused by disagreements over money, you may need to spend more money.

You don't need to allow this to keep you in a marriage that is not right for you. It is best to have an experienced legal professional by your side to guide you through the process of extricating you and your assets with the least damage possible.

Keeping your credit in a good place while you get a divorce is important and can be done, as long as you have good guidance.

Florida is the most expensive state to file for divorce, costing $409 to file. In Mississippi it costs a mere $52. There doesn't seem to be a pattern of cost between states, such as median income or geographic locations.

Paying attention to the details in a divorce situation is vital. Keeping tabs on your accounts and credit score throughout the proceeding may help you in the black financially.

Getting extricated from joint accounts should happen early on so that you will not have to deal with it after the divorce is final.

If you have reached a point in your marriage that you cannot foresee a future with your spouse, you may want to contact a professional who can assist you through the legal maize that can sometimes be confusing.

Source: Credit.com, "The most expensive states to get a divorce" Christine DiGangi, Jul. 01, 2014

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Goddard & Malmquist
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