A study published in Sociological Science found that divorce could have a significant impact on a white child's education. Specifically, it found that the loss of household income that generally occurs after a couple splits makes it less likely that their children will go to college. However, the same study found that the impact wasn't as great on minority children in Ohio and elsewhere. This is because minority families may not have the same level of wealth prior to divorce taking place.
Divorce can happen at any stage of life. Older couples, even those who have been married for years, sometimes go through what many call gray divorce. When a couple with one or two partners aged 50 and up decides to move forward with divorce, there are unique financial factors to consider.
Many people have misconceptions about estate planning, but an argument can be made that estate planning is part of a comprehensive financial plan. Ohio residents might like to know about some of the myths that often make things complicated when it comes to estate planning.