For many couples living in and around Dayton, Ohio, health care is a major issue. Not only is it expensive, it also is often an essential lifeline that gives both spouses, as well as their children, access to the care and treatments they need to thrive and sometimes even to survive.
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.
One thing Dayton, Ohio, residents, as well as members of the military and their families who are staying in the area, need to be aware of is that divorce, and other forms of legal separation for that matter, can affect one's tax situation in many ways.
By the time a spouse files for divorce, it is very possible that the relationship ended a long time ago. One or both parties may have already moved out and on to new partners, for instance, or the marriage has been so broken for so long that the divorce process seems like little more than a formality.
The end of a marriage brings significant financial changes, and if you own a small or family-run business in Ohio, you may have concerns about how divorce will affect your future interests. Determining the value and proper distribution of marital assets can be a complicated and stressful process, and you should have an experienced legal ally by your side.
Deciding to get divorced is stressful enough. Your marriage is ending and now you have to deal with going through the divorce process. It's important to understand how divorce proceedings work in the state of Ohio. Here are the basics of what you need to know: