When a couple in Ohio is going through the divorce process, they understand that it has the potential to become contentious. Divorcing like an adult means the divorcing couple understands that for their long-term good, they need to change course. A contentious divorce proceeding is only going to lead to problems and frustrations. It can have a negative impact on the finances of the divorcing individuals as well.
There are various reasons why married Ohio couples may decide to end their marriage. However, there are some reasons for divorce that is more commonplace than others.
In most marriage vows, couples in Ohio promise to stay together "in sickness and in health." However, research shows that a spouse getting sick can increase the odds of divorce. Researchers have found that there is a gender difference when it comes to this statistic.
Some Ohio couples legally cut ties with one another while still using the same set of financial professionals for advice and assistance with investment, savings or estate planning matters. However, achieving a clean financial break from an ex may not be so easy if both former spouses continue to share the same set of advisers. This arrangement can be especially problematic if it's the other ex-spouse who chose those professionals and typically maintained contact with them.
According to research and experts on the subject, men are more likely to go through a divorce when they marry women who are more attractive. Ohio couples who are mismatched in their respective levels of attractiveness might be at increased risk of divorce. According to a social psychology professor, couples who are not similar in physical attractiveness have romantic relationships that are less successful than others.
Children of separated parents in Ohio frequently rely on child support payments from noncustodial parents. Family court orders establish the amount of these payments, and only specific situations could enable a noncustodial or custodial parent to raise or lower the amount.
The new year will usher in a new era for alimony tax rules that could affect Ohio residents. The old alimony tax rules that have been in place for over seven decades will go away. This means that alimony payments that were tax-deductible will no longer be so. When a person receives an alimony payment, the money will no longer be considered taxable income.
For Ohio spouses who decide to divorce, financial issues may weigh heavily on their minds. While many people immediately turn their minds to dividing assets like real estate and retirement accounts, the division of debt can be just as critical. Not all credit card debt racked up during a marriage is automatically assumed to be the responsibility of both partners. At the same time, the debt being in one person's name is not necessarily decisive.
Many marriages in Ohio end because of money troubles, and these financial burdens often carry on through divorces. One of the many reasons for this is that couples do not discuss their financial objectives before getting married. Preventing financial catastrophe when going through a divorce requires careful planning and discussion. Obtaining financial counsel from an expert or nonpartial third party can often produce better results.
Ohio readers know that the holidays can be stressful during the best of times. However, they are especially difficult for families who are dealing with separation or divorce. Not only can this time of year make the feelings of loss associated with divorce more acute, but those intense emotions can make it even harder for parents to decide when and where their children should celebrate the holidays.