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Divorce Archives

Lack of hope may doom a marriage

Marriages in Ohio and elsewhere are more likely to last when both parties to the relationship are hopeful about its future. This hypothesis was tested in a 1992 study conducted by the University of Washington. It found that hopelessness in a relationship can also lead to a lack of hope in other areas of life. It also found that those who lacked it were most likely to be divorced within three years.

Dividing the marital assets of a business owner can be tricky

The foundational concept of splitting marital assets 50/50 in an Ohio divorce is well established. However, this rarely means that each spouse receives the exact same distribution of assets. It's most often necessary to award assets on an offset basis whereby the respective parties receive equivalent, rather than identical, assets.

Divorce and allocating retirement plans

The allocation of retirement assets can be a significant source of contention during a divorce. Ohio residents also have to be mindful of the manner in which they go about dividing such assets when they have finally reached divorce settlement terms. The various types of workplace retirement assets are governed by different rules, and dividing them in the wrong way can result in hefty taxes and fines.

Female breadwinners planning for the end of a marriage

Female breadwinners in Ohio may find it financially stressful to divorce their spouses. Since traditional roles have reversed with more men staying at home to care for the children and tend to the needs of the household, some women are now being required to pay alimony following a divorce. This major change in law stems from a 1979 landmark decision making alimony a gender-neutral responsibility based on the financial dynamic of the household.

Financial knowledge is important for later-in-life divorces

The rate of divorce for Americans over 50 has more than doubled in the past 25 years. It's important to note that this rate is continuing to move upward for couples throughout Ohio and the rest of the nation. While divorce always involves an array of practical, emotional and financial challenges, the process can be even more difficult for older couples who have been married for a long time.

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