Recently published data shows that divorce rates are currently the lowest that they've been in as many as four decades. The number of individuals getting married is significantly lower than it's been in a long time as well. Legal analysts point to Millennials as the reason for this decline.
You never thought you'd get divorced, but now it looks like things are definitely headed in that direction. Your spouse just got home and told you that they want to end the marriage.
If you were to speak with those who've gotten divorced, it's unlikely that any of them would say that the process of ending their marriage was easy. Splitting up is often both an emotional and financially jarring thing to have to go through. You can ease some of the burdens of this process by taking steps to get certain documents in order right when you see your divorce lingering on the horizon.
While recent studies have shown that divorce rates among millennials are decreasing, the number of Americans 50 or older seeking dissolutions of their marriages has doubled in recent years. Many senior couples who are seeking divorces in Westerville have been married as long as 20 years.
Many American households use at least one-half of their income to cover their bills. When couples divorce, it puts a significant strain on a family's finances as that same income must cover two households' bills. Once the Tax Cuts and Jobs Act goes into effect on Jan. 1, 2019, though, those families that have traditionally been supported by a single breadwinner may find that even more demands are being placed on their finances.
According to the Heritage Foundation, as many as one million American children have to endure their parents' divorces each year. While we often hear that divorce is hard on kids, many of us don't understand how difficult it can be or how to guide them through it.
A recent report published by the National Parenting Organization (NPO) suggests that many of the parenting plans that Ohio courts often default to aren't actually in the best interests of children.
When many couples decide to divorce, it's not uncommon for the once stay-at-home spouse to find out that their partner was struggling to pay the bills, racking up debt in the process. This can greatly impact your ability to move forward with your life post-divorce. One of the best things that you can do right way is to start building your credit.
Like many states in the country, Ohio recognizes equitable distribution when it comes to dividing up marital property in a divorce. States using this approach to asset division assume that both spouses equally contributed to acquiring or producing the shared property.
In Ohio, couples have two choices for legally ending their marriage. They can pursue either a dissolution or divorce. Unless a couple has been living apart from one another for an entire year at the time of their filing, then at least one of the spouses must claim that their ex is "at fault" for the demise of the marriage.