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.
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.
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.
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.
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.
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.
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.
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.
Dividing your property can be one of the most difficult aspects of a divorce. Not only can it be upsetting to divide your property with your soon-to-be ex, it can also be very complicated to understand how to do it.