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Posts tagged "Family Law"

How sickness can lead to divorce

Even though there are several factors that can stress a marriage, studies show that each stress factor can affect both parties in the marriage differently, and gender can be a big deciding factor. For instance, Virginians might be surprised to learn that when it comes to illness, men are more likely to walk out of a marriage than woman are.

Fathers may face additional custody challenges in divorce

Divorce can involve a lot of difficult decisions, but custody of children is often one of the most contentious. While some divorcing spouses in Virginia desire an amicable co-parenting relationship, this can be difficult to achieve for many reasons. For example, the court's view on parental roles could come in play.

Increased wealth and credit discrepancies may boost divorce risk

There are many wonderful benefits associated with economic growth in Virginia and other parts of the country. However, having a larger bank account and more financial responsibilities more may not be so good for some marriages. A survey of more than 2,000 adults by a leading bank holding company found that money is the top source of relationship stress. Thirty-five percent of the individuals surveyed also considered finances to be the main "trouble spot" with their significant other.

Establishing child support

One common issue many parents in Ohio may have to address is child support. Child support is typically paid by the non-custodial parent whether the child in question is a girl or boy.

Gray divorces and splitting assets

According to data from the Pew Research Center, the divorce rate for older couples in Virginia and the rest of the country is two times what it was in the 1990s. People over the age of 50 are likely to have multiple IRAs, 401(k)s and pensions, so they should take extra care with how they divide their retirement assets during the divorce process.

Prenuptial agreements more popular among millennials

Young people in Virginia are less interested in marriage than in the past. When they do choose to marry, however, millennials are increasingly seeking prenuptial agreements before taking their vows. As the divorce rate across the country is almost 50 percent, there can be good reasons for people to act to protect themselves before marrying. In fact, people of all age ranges have become more likely to sign a prenup, with the frequency of prenuptial agreements multiplying fivefold in the past 20 years.

Handling child support disputes

Divorced parents living in Virginia often find themselves faced with significant co-parenting challenges. One area that can lead to disputes is that of child support. While most parents understand the importance of giving financial support to their children, circumstances can sometimes make this difficult. Sometimes, conflict over support payment escalates, which can lead to long-term damage to one parent's personal finances.

Divorce and retirement planning

When couples in Virginia divorce, financial issues are often a major consideration. This is particularly the case when a spouse divorces later in life. By age 50, if not earlier, many people are planning for retirement. The process of asset division and moving into separate households can throw current plans into disarray.

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