Divorcing couples in Ohio and around the country often hope to get through property division and spousal support negotiations as quickly and as painlessly as possible, but going into these talks unprepared can lead to problems in later years. People who have grown accustomed to pooling their incomes to cover their monthly bills can find it difficult to maintain a comfortable lifestyle on a single paycheck, and debts that are divided may become thorny issues if payments are not made on time.
Some unhappy spouses in Ohio might be tempted to use social media to blow off steam. However, this could be a mistake if a divorce is inevitable. Anything one posts on social media could be used against them during a divorce.
Many Ohio parents who decide to seek a divorce worry about how the divorce will affect their children's emotional health. This is a valid concern as many children of divorce often struggle with issues that first develop when their parents split up. However, parents can work together to help their children lead an emotionally healthy life after divorce.
Couples in Ohio may find that the extra togetherness of the summer season makes existing problems even more apparent. This is one reason that divorces tend to go up during the summer months. Extra family time due to vacations and children being home from school may make it obvious that a marriage is not working out. Even more, the transitional period of the summer, while kids are not in school and even a move will not disrupt the educational year, may make a divorce less logistically challenging than at other times of the year.
Student loan debt is a major issue for many people in Ohio. The cost of college attendance has gone up dramatically in recent decades, and many reports have covered young people delaying marriage, children or home-buying due to their large student loan burden. Divorce can be a financial challenge for people in any situation; the long-term effects of divorce can linger for years after the practical and romantic issues have been wrapped up. As a result, many people may be concerned about how student loans will be dealt with when property is divided in a divorce.
A divorce may have a variety of impacts on a business owner. This is partially because a company may represent an Ohio resident's biggest asset and primary source of income. During divorce settlement talks, how to divide assets and determine how much a person makes are often major points of contention. In some cases, it can be hard to differentiate between personal and corporate assets because of the company's size and ownership structure.
One of the benefits of marriage in Ohio is the ability to collect spousal Social Security benefits. Even when one spouse earns little or no income, they could still potentially collect up to 50% of their significant other's full benefits if they qualify for Social Security. However, benefits aren't necessarily lost just because a marriage ends.
When people in Ohio get divorced, they may need to address issues pertaining to both health insurance and life insurance. In many couples, one person has the family on an employer-sponsored health insurance plan. This means that after a divorce, a person may need to look into coverage from COBRA or another plan.
When parents in Ohio get a divorce, they may negotiate an agreement for child support. If they are unable to agree, a judge could decide what the amount will be. In general, child support takes income and other factors into account, such as how much each parent contributes to the child's health care. However, there are a few general principles parents should keep in mind when considering child support.
Many Ohio couples going through divorce face complicated questions about how to handle the marital home. This is often one of the largest and most sentimental assets involved in the property division process. In some cases, the spouses decide to sell the home and divide the proceeds as part of the divorce settlement. However, in other cases, they reach an agreement for one spouse to keep the home in exchange for other marital property.