Many people in Ohio have heard of a prenuptial agreement. This legally binding document protects the assets a spouse owned before marriage in case of a future divorce. A document that is not quite as well known but serves a similar purpose is a postnuptial agreement. This document is signed during the marriage.
January has been nicknamed "Divorce Month" by some in legal circles because of the number of divorces that take place during that month, especially at the beginning of it. Queries on search engines and online platforms have increased searches for divorce-related keywords during January as well. Ohio residents may be interested to learn what is behind this trend.
When most Ohio couples get engaged, they feel confident that their relationship will last forever. They are usually focused on the excitement surrounding their romantic engagement. Unfortunately, many marriages end in divorce. Couples need to discuss financial matters to ensure that they agree on issues that could arise during the marriage or if an divorce occurs.
Ohio residents who go through a divorce may face a variety of financial challenges. While men and women might encounter different types of financial challenges, there are things that anyone can do to prepare for them. For instance, it is a good idea to create an emergency fund as well as a fund that can be used to pay for the divorce. It may also be a good idea to meet with an accountant at some point during the divorce process.
The question of social media and other electronic evidence has come into play in many Ohio divorces. Most couples have at least one social media account on which they post personal information. In divorce cases, 81% of lawyers say they've discovered evidence on social media that is worth presenting during courtroom proceedings. Around two-thirds of divorce cases involve the use of Facebook as a primary source of evidence, and one-third of all divorce case legal action can be traced to affairs conducted online.
When two people who have children together split up, one of the main questions to address is child support. The family court system in Ohio is designed to provide definitive answers on child support, custody and other issues. However, it's often in the best interests of the parents and children to agree outside of court. Child support by agreement works well in situations where the parents are able and willing to work together to work out the specific details.
In Ohio and across the United States, divorce is near the top of the list when it comes to negative and stressful experiences. For many Ohio residents, divorce means ending a commitment to live with another person who shares their vision for future happiness and contentment. Divorce can lead to chronic depression manifesting in both psychological and physical ways. After getting divorced, some people find it difficult to go to work or accomplish simple tasks. Others start drinking or taking drugs. Some divorced individuals eat large amounts of food to quench their thirst for happiness.
In many Ohio divorce cases, the couple's most important and most valuable asset is the family home. There are essentially three options for dealing with the mortgage in cases where one of the spouses will keep the home. Typically, the other spouse will take other assets to compensate for the equity in the home. The three options are retaining the original mortgage, refinancing the original mortgage and assuming the original mortgage.
There are a number of signs that might alert a person in Ohio to the possibility that their spouse is attempting to hide assets in a divorce. One of the most obvious signs is money disappearing from accounts or missing account statements. A person may claim that a large sum has been taken from an account to pay a tax or credit card bill, but this may be an overpayment ruse. By the time the IRS or the company gets around to refunding the overpayment, the divorce may be over, and the money might not be included in shared property that is subject to division.
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.