Finances affect nearly every aspect of a divorce case, including property and debt division, child support, and spousal maintenance. To properly address these issues and end their marriage, divorcing spouses must provide a full accounting of their wages, property, debts, and expenses. Financial transparency during divorce is not only ethical, but it is also required by law. Spouses who hide money or property, lie about their earnings, or fabricate financial data can face serious penalties and may even be held in contempt of court.

How Do Spouses Misrepresent Finances in a Divorce?

Divorcing spouses who want to gain an advantage in a divorce case may lie about their financial circumstances. For example, a parent who is required to pay child support may report income from one job, but not the “under the table” cash earnings he or she gets from a second job.

Spouses may hide money or property by temporarily transferring the property to friends or family, relocating funds to offshore accounts, or even purposefully overpaying the IRS. Business owners, entrepreneurs, and individuals with complex financial portfolios often have abundant opportunities to misrepresent their financial situation. They simply adjust the numbers to make their financial situation look bleaker than it actually is. They often do this in hopes of getting a greater share of the marital estate during property division.

Mediation is a dispute resolution process that has become increasingly popular and effective as a method for resolving conflicts during divorce proceedings. If you are interested in divorce mediation, consider contacting a divorce attorney who has experience in mediation. Today, we will review what is most important to know about divorce mediation in Illinois.

The Many Benefits of Divorce Mediation

Mediation is a form of dispute resolution involving the strategic use of a third party to help reach an agreement. The mediator facilitates communication between the parties, helps them explore and understand their differences, and works to find a mutually acceptable solution for all parties. Mediation in divorce cases can have several advantages, including the following: 

• Cost – Mediation is much less expensive than going to court. Avoiding costly court appearances in divorce mediation can help keep costs down overall.

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Most of the time, a divorce is something that both you and your spouse can see coming and make plans regarding how to handle it. On occasion, however, it comes as a surprise. The pop culture scene of the husband or wife being served at their door with divorce papers does still happen in this day and age. If this does happen to you, it is important that you react quickly. If you do not, and your spouse has malicious intentions, you may be put in a very difficult position.

Information Is Key

According to current estimates, as many as two of every three marriages experience issues with hidden assets. If your spouse decides to file for divorce first, it gives him or her the advantage of time in which they may attempt to conceal property or revenue streams. Though there is very little legal advantage to filing first, some spouses do use the element of surprise in an effort to manipulate the proceedings. In addition to possibly hiding assets, some may try “conflict out”—which means meeting with the top-rated divorce attorneys in a certain area, so as to establish an attorney-client relationship, thus leaving the other spouse with no available attorney without a potential conflict of interest.

The most intelligent thing you can possibly do if you are served divorce papers is to gather any and all household information and make sure you have it on hand. Making copies of documents such as tax returns, insurance policies, bank statements and the like can serve you well in the future. By doing so, you may be then able to stop any attempt at concealment. This can also apply to household possessions, as taking an inventory of valuables like jewelry, artwork, stocks, and bonds can help prevent an attempt by your spouse to omit the existence or misrepresent the value of such items.

It is hard to imagine a world without social media, yet these sites have only been around for about 20 years or so. There is no debate over how quickly sites like Facebook, Instagram, and TikTok have become a crucial part of society, with many users posting much information about their lives on a daily basis. Scroll down any site’s news feed, and you will likely find an abundance of information regarding your family, friends, coworkers, and acquaintances—the good, the bad, and the ugly. But, can posting all this personal information have an effect on the outcome of a couple’s divorce or child custody dispute?

Many family law attorneys will instruct their clients to carefully limit what they post to their social media sites and may instruct them to stay away from these sites completely until their divorce case is settled. On the other side of the coin, attorneys also use these sites to gather evidence against the other spouse, and even innocent postings can be spun to cause serious damage to the other side’s case.

Social Media Posts Often Lack Context

It is not uncommon for a person’s social media to be used to call their parenting abilities into question. For example, a person who is a very good parent, completely involved and responsible in their child’s life, might go out with friends one night—something that is a rare occasion for them. A photo of the group of friends out and having a good time at a nightclub and toasting each other ends up on Facebook. Suddenly, that photo is being introduced as evidence in a child custody proceeding in an effort to suggest that the person is an irresponsible parent who drinks too much. As the old saying goes, “A picture is worth a thousand words,” and without the proper context, such a photo could certainly create a less than flattering impression.

For parents with young children, celebrating Halloween can be quite a joy. Many parents enjoy dressing up their children in cute costumes and taking them trick-or-treating. Divorced parents generally want to join in the fun, too - Halloween only comes once per year. It can be difficult for divorced parents to plan out how they will celebrate the holiday with their child. Generally, neither parent wants to be left out, but the child cannot be in two places at once. Many parents solve this problem by deciding who will participate in which tradition with their child or by planning separate events at separate times. When this planning is done well, both parents can experience the joys of celebrating Halloween with an excited child. Having an enjoyable Halloween can take a bit of planning. You may need to communicate with your child’s other parent quite a bit while making a plan, and you may both need to compromise. When both parents are willing to participate, everyone - including the child - can have a wonderful Halloween. 

Tips for Divorced Parents Planning Halloween Celebrations

With a little planning and cooperation, Halloween can be great fun for parents who are divorced and their children. Helpful tips include: 

• Consider combining - If you and the other parent are amicable, you may still enjoy taking your child trick-or-treating as a team. This arrangement allows you both to enjoy watching your child collect candy. However, be sure that you can do so without having an argument. 

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