• Locations
    • Chicago Office 77 W. Wacker Drive, 45th Floor, Chicago, IL 60601
    • Downtown Chicago/Loop Office233 S. Wacker Drive, 84th Floor Chicago, IL 60606
    • Lake Forest Office100 Saunders Rd., Suite 150 Lake Forest, IL 60045
    • Lisle Office3333 Warrenville Rd.,Suite 200 Lisle, IL 60532
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How Does Divorce Affect Affluent Women?

A young woman is confident after meeting with her top Chicago divorce attorneys.

Unfortunately, women tend to be disproportionately impacted financially by a divorce. There are many reasons for this, such as:

  • An employer may pay a woman who has been out of the workforce for many years, either as a stay at home wife or mother, much less than a man going through a divorce.
  • Women may find themselves preoccupied with maintaining the same standard of living after a divorce, which may not be feasible on a single income. This mentality may lead to poor decisions concerning money and finances that may potentially cause a lasting impact.
  • Women typically earn less than their husbands during the marriage, and as a result, after the divorce women find rebuilding their lives more difficult. Men experience less difficulty rebuilding their lives after a divorce as they have more income.

Affluent women tend to lose a lot more during a divorce. Women who own a business or co-own a business with their husband, maintain an extensive investment portfolio, or possess other complex assets, my find themselves in a less than ideal financial situation as a result of the divorce. After a divorce, each spouse must manage their own set of bills and expenses. Maintaining the standard of living the couple experienced as a couple often becomes more difficult, if not impossible.

When Husbands Don’t Make Things Easier During A Divorce

Sometimes husbands make the divorce more challenging than necessary to cause their soon-to-be ex-wife distress. A bitter husband may try to prolong a divorce by taking their time in court so as to increase their soon-to-be ex-wife’s costs and attorney’s fees, subsequently causing the divorce to become more costly. A husband could also attempt to block or prevent his soon-to-be ex-wife from accessing their financial assets and bank accounts. In addition, the husband may attempt to hide or spend marital assets in advance of a divorce so his soon-to-be ex wife gets less than she deserves.

Assets acquired during the marriage become marital property, which the court divides between both parties during the divorce. If you became a business owner during your marriage, the court may give your spouse half the value of your business. As a result, many women feel taken advantage of. A skilled and experienced divorce lawyer can help by developing a strategy focused on your best interests. The lawyers at Women’s Divorce & Family Law Group can offer legal guidance to help you obtain a divorce with as much of your finances intact as possible.

The professionals at the Women’s Divorce & Family Law Group work with many people contemplating a divorce and can work with you too. Call us at (312) 585-6604 or click here to schedule a consultation.

There are many factors to consider when contemplating divorce, and a pre-divorce planning session can help you begin to plan for a divorce. Please contact the professionals at the Women’s Divorce & Family Law Group by calling (312) 585-6604 or clicking here to schedule a consultation.

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Contact Information

Downtown Chicago/Loop Office
Fax:312-283-8636
Chicago Office
Fax:312-283-8636
Lake Forest Office
Fax:312-283-8636
Lisle Office
Fax:312-283-8636
Lake Forest Office

100 Saunders Rd.
Suite 150

Lake Forest, IL 60045

Lisle Office

3333 Warrenville Rd.
Suite 200

Lisle, IL 60532

Chicago Office

233 S. Wacker Drive
84th Floor

Chicago, IL 60606

Downtown Chicago/Loop Office

77 W. Wacker Drive
45th Floor

Chicago, IL 60601

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