The treatment of assets in a divorce can vary from state-to-state. There are states that use community property laws to determine how the assets will be divided. In other states, such as Ohio, property division is based on the equitable distribution of property between each party involved. The final outcome of property division also depends heavily on the decisions of the divorcing couples.
It used to be quite unusual for a woman to pay alimony to an ex-spouse. This was big news since fathers were usually the ones who pay spousal support and even child support. However, as women break societal and professional barriers and vastly close the gap between the genders, more women are paying the support.
No one gets married thinking that they will get divorced. Unfortunately, it is a possibility, and a rather good one, according to the American Psychological Association, which reports that the divorce rate in the United States is around 40 or 50 percent. With this in mind, Ohio couples with significant assets may want to talk to a family law professional about a prenuptial agreement before walking down aisle.
Why couples divorce has been a subject of debate for decades. The question "why" became a subject of particular interest to researchers in the 1970s when the U.S. began to see a significant and continual rise in the national divorce rate. Among the many reasons cited for divorce, for decades conventional wisdom held that couples who live together prior to getting married have a statistically greater chance of getting divorced than couples that wait to move in together until after they are married.
When going through the divorce process, there is inevitably going to be a lot to think about. Whether it is figuring out custody arrangements or deciding which spouse is entitled to what asset, divorcees have a lot on their minds. With almost everything in divorce, preparation and a clarity of purpose are going to be hugely helpful in clearing away some of the mental fog and confusion that sometimes results from thinking about family law issues.
There is a lot about the divorce process that leaves something to be desired. Among them is the division of marital assets. While property division is never an enjoyable process, it is even more difficult when there is a small privately held business involved. The following article is intended to provide advice to Ohio business owners on how to protect the business and business assets in case of divorce.
When Ohio couples divorce the lesser earning spouse can request spousal support from the higher earning spouse during the divorce proceedings. Unlike child support, spousal support is not mandatory nor is there a clear-cut calculation for determining spousal support. In fact, much of what occurs is at the discretion of the court. Because of this, the cost of spousal support can vary dramatically depending on various factors.
There are many reasons that married couples choose to file for divorce. Sometimes couples divorce due to infidelity or loss of interest, other times it's because of more complex and personal differences that can be tough to articulate. Regardless of the reason why couples divorce, research suggests that many couples in America divorce in January. Ohio readers may find the following blog on the "divorce month" interesting.
Divorce is a tough and emotional process, and it can be hard to know what to do and where to start. However, there are ways to make the divorce process more manageable. One way for couples to do this is to take the time to educate and empower themselves about some of the key steps in the divorce process. The following is advice for Ohio couples considering filing for a divorce.
For some people, spousal support may be perceived as a payment a man makes to a woman in a divorce. While traditionally most alimony awards were paid to woman, society has changed a lot. In fact, many family law and divorce attorneys from across the country are reporting that more and more men are beginning to request spousal support awards from their ex-wives in divorce proceedings than ever before.