While the divorce rate among younger couples has declined or, in the case of couples between 40 and 49, climbed slightly, the rate of those over 50 who choose to end their marriages has skyrocketed over recent years. Between 1990 and 2015, the number of people over 50 who divorce each year has doubled from about five per 1,000 to about 10 per 1,000, or one in 100.
As this blog previously reported, in the next few days, there will be an important change in the federal tax law that could impact thousands of divorces happening or about to happen in the Dayton, Ohio area.
A previous post talked about how a resident of Dayton, Ohio, should think long and hard about fighting for the marital residence. One of the concerns that post mentioned was whether or not the person wanting to keep the house can afford taxes.
Divorce creates uncertainty. You do not know when it will be over, your living arrangements or how you will pay your bills. Uncertainty about your finances is particularly stressful.