Posts tagged "Divorce"

Implication of divorce on children's summer vacations

May is here and that means school vacations are coming. This can be a challenging tome for divorced families in Ohio with young children as summer vacation plans take shape. Even an amicable divorce can be a challenge when children are involved, even when both parents want to act in the best interest of the child. And it is now widely held that both parents remaining as involved as possible in the child's life is the preferred scenario.

Divorce and children's education

Typically, couples do not enter into marriage and begin a family with the goal of getting divorced later on. Most parents in Ohio and elsewhere believe they will be together for the long haul and be there for their children. While the divorce rate is dropping, almost 50 percent of marriages still end in divorce.

Bitcoin is a new player in divorce

Divorce is difficult and financial matters can make it harder. Most people are familiar with the kinds of struggles one can have over retirement accounts, investment portfolios, real estate and other financial concerns, but now there is a new contender on the block, cryptocurrency. One of the most popular forms of cryptocurrency is known as bitcoin. The newcomer has introduced a new element of difficulty into divorce in Ohio.

Divorce, children and the new tax law

Tax season is once again in full swing, and there are many questions in light of the new tax law that became fully applicable on January 1. For couples who are considering divorce or separation in Ohio and have young children, one of those questions may be regarding who would get to claim the children as dependents on one's tax return. There are a few factors to consider, and changes to the law that can determine the answer.

Divorce and implications of the new tax law

Happy smiling Ohio couples walk down the aisle to marry, say their vows and walk back along the same aisle expecting to begin a long and happy life together. In many instances this happens, but in many others it does not. Many marriages still end in divorce, and as another tax season has begun with new tax laws that affect the finances of a divorce, it may be beneficial to review the implications of the law on current tax filings.

Divorce: Support is available to help achieve amicable settlement

Since the moment you decided that your marriage was no longer viable, you've likely had a million thoughts running through your mind, especially regarding your children. Divorce can be one of the most stressful, challenging situations an Ohio family can experience. By accessing available resources, though, many spouses are able to achieve fair settlements, as well as provide their children with ample support to help them cope with change and adapt to a new lifestyle.

2019 tax law changes can add to stress of divorce

The new year has arrived, and many changes from the tax law passed last year will have an impact on divorces occurring in 2019. Divorce is not an easy process in Ohio. It can be very emotional and stressful to family relationships, and involve copious paperwork. The division of property and other assets can also be difficult. The changes brought on by the tax law could add to the stress.

Divorce need not spell financial doom

Deciding to end a marriage in Ohio is seldom a decision that is made lightly. While there are many concerns that go into arriving at the decision, financial concerns may be chief among them. While it can be difficult, a divorce doesn't have to spell doom for one's financial future. How assets are distributed can help to determine one's stability moving forward. Chief among these is how 401(k) accounts are divided.

Divorce does not have to mean unequal parenting

Not every marriage in Ohio and across the country endure over the long term. Some statistics suggest that an many as 50 percent of marriages end in divorce. This leads to another more disturbing statistic, that over one million children a year become children of divorce. It is now widely believed that staying together for the sake of the children is not a good idea, but how divorced parents handle parenting post-divorce can be critical to how well children deal with the new family dynamic.

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Kemp Law Group, LLC
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