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Columbus Divorce Law Blog

Sustaining a beneficial child custody order after divorce

The younger members of an Ohio family endure significant adjustments when their two parents divorce. Every parent wants to protect his or her children, and one of the best ways to do this during this time of transition is to work on a beneficial and practical child custody plan. For many families, there is great benefit in co-parenting.

Children prosper when they are allowed the opportunity to maintain a strong relationship with both parents. A co-parenting plan allows for parents to provide their children with a certain continuity of lifestyle. While there are many benefits to this type of custody plan, it is critical that parents be able to work together and set aside their personal feelings for the best interests of the children. 

Post-divorce financial stability needs proper planning

Finances typically play a significant role in any major life changes. Divorce is one of those occasions that need careful financial planning. Ohio is an equitable distribution state where property is generally divided as agreed by the spouses in a manner that will be fair in the eyes of the court. If no agreement is reached, the court will decide what it deems to be fair. Each spouse will want to take the necessary precautions to protect financial interests.

A firm understanding of marital assets -- including account balances, safe deposit box contents and other joint assets -- is essential. Moving assets, withdrawing large sums from the bank or making significant purchases at this time may not be a good idea. Individuals who are considering divorce will naturally want to ensure they can support themselves, and stay-at-home parents may need to prepare for a return to the workforce. While all this is going on, one spouse may want to leave the marital home; however, doing this without the explicit consent of the other spouse may lead to accusations of abandoning the family.

A Divorced Dad's Guide to Surviving the Holidays

Moms traditionally do more of the holiday planning. Dads get their marching orders of picking up the ham, hanging lights outside, and perhaps a list when you take the kids shopping for presents.

This generally comes to an end once you are separated or officially divorced. After years of going through the routines and celebrating various family traditions at home or with your extended family and friends, your holidays are looking very different this year.

Planning ahead is an important part of high-asset divorce

Divorce can be expensive. It can be expensive emotionally and well as financially. However, while the majority of Ohio residents spend months or even years planning for their wedding, most do not put in the same time and effort in planning for their divorce. This lack of planning can prove to be costly when it comes to dividing marital assets in a high\-asset divorce.

Many individuals involved in a high-asset divorce are also business entrepreneurs. Throughout the course of their marriage, they have developed and grown lucrative business ventures. While these individuals obviously have spent considerable time planning each business move, the same planning and communication strategies do not appear to have a place in their personal decisions.

Divorce and taxes: the long-term impact

Ohio readers know that the financial aspects of ending a marriage are complex, and it can be difficult to fully understand the implications of decisions made during this process. It is critical to explore the long-term impact of issues like child support and alimony and how these matters could impact taxes. Overlooking the impact that divorce can have at tax time can have negative consequences.

First of all, one's filing status will certainly change. Instead of filing jointly, a person who has received a decree of divorce or has legally separated within the past year will file as a single taxpayer. At this point, if a person is paying alimony to a former spouse, that individual can deduct that amount. Spousal support is taxable income starting in the year that the payments began.

High-asset divorce and a strong financial future

In Ohio and across the country, finances are one of the main concerns of people facing divorce. Indeed, money can be the source of some of the most difficult and complex of disputes. When one party is fighting for every dollar and employing various tactics to keep money away from the other spouse, it makes good sense to secure the help of a lawyer experienced in high\-asset divorce and complex property division. With the right help, it's possible to protect one's financial interests in a contentious divorce.

One way that a spouse may attempt to keep assets away from the other party is by dissipating them. This can be accomplished in many ways and may include spending large amounts of money on frivolous gifts and purchases. If one spouse has a high income which will continue after a divorce, gambling and wasting money are common tactics employed to ensure that the other spouse does not get as much money.

What happens to digital property and privacy in divorce?

Thanks to the separation of one of Hillary Clinton's top aides from her famous husband, Anthony Weiner, the matter of electronic data has moved to the forefront of national attention. With the dawn of the digital age, electronic data is now a matter of great importance when couples divorce. Ownership of and access to this data can be a murky issue, but it is one that must be approached carefully and effectively.

Ohio readers know that when something is sent or posted online, it is nearly always recoverable. In a divorce, old information, social media postings or emails can be drudged up and used against the other spouse. In the case of this high-profile divorce, old emails and messages could have a direct impact on a federal investigation and an indirect impact on a presidential election. 

Can you move with your kids after divorce?

Opportunity may knock in another city, but if you're the custodial parent, you can't just pick up and move. Custody arrangements are put in place to ensure that the children have the opportunity to develop a relationship with each parent. The non-custodial parent does have a say in whether you can move, but the courts are here to help.

Notice of intent to move

If you're thinking of moving, you must file a notice of intent to move. This acts as an official notice to the non-custodial parent, and it's necessary even if you already have an informal verbal agreement. At this point, if the non-custodial parents agrees to the terms, you can proceed. However, the non-custodial parent also has the opportunity to contest the move. If this happens, you'll have to have a court hearing where the judge will decide what's in the best interest of the children.

Finding a solution to a same-sex custody matter

Same-sex couples now have the right to marry in every state, but that does not mean that these individuals do not still face unique legal challenges. In Ohio, same-sex parents may find it necessary to secure the help of an experienced legal professional in order to successfully navigate family law issues, such as child custody. When seeking a positive resolution to a same-sex custody matter, our team can help.

We understand the challenges that these couples may face, and we are dedicated to finding solutions to even the most complex of custody or visitation disputes. Clients benefit from our depth of knowledge in matters related to same-sex custody, visitation, child support, surrogacy, adoption and more. Our ultimate goal is to find a solution that not only protects the rights of the client but also benefits any children who may be impacted by the situation.

Divorce and property division: the financial impact

Statistics indicate that divorce rates for Americans age 50 and up have increased dramatically and continue to do so, bringing to light some of the sensitive financial issues that accompany a gray divorce. While it is no surprise to Ohio readers to learn that divorce will likely have an impact on finances, they may be surprised to know that divorce is particularly unfavorable to older women. Property division, including division of retirement assets, can be a complicated and stressful process for those nearing retirement age.

Divorce always has a financial impact, but it can be disproportionately bigger for people in the baby boomer generation. Later divorces are not favorable for people close to retirement, and it is particularly important for them to take steps to protect their financial interests at this time. For this reason, statistics have found that many retirement-age women are re-entering the workforce in order to offset the financial impact of their divorces.

Treneff Cozza Law, LLC
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Westerville, OH 43082

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