There are many things Ohio residents need to think about during a divorce, including their credit scores. Fortunately, divorce alone does not hurt a credit score. Credit reports are not influenced by one's marital status. However, there are two common reasons a divorce might lead to a lower credit score.
There's one thing all Ohio residents have in common; in fact, all people, everywhere, share a common factor, which is that no one lives forever. That said, you might count yourself among those who don't like to think or talk about that fact. Discussing mortality or the possibility that you could one day become incapacitated might make you feel nervous or stressed.
People rarely go through their divorces without feeling tired and depressed. Divorce involves dealing with unsettling emotions and the necessity of filling out several legal documents. Divorce laws in Ohio and across the United States typically require individuals to spend time thinking about how to divide assets that they owned while part of a couple. Obtaining a final decree does not automatically divide properties. A couple must spend time working on a plan or succumb to the court's final decision.
Some estate owners in Ohio might wonder what type of trust would be best for their particular situations. For example, a special needs trust can be created to provide for a loved one who gets government benefits because of a disability or medical condition.