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Posts tagged "Divorce"

Divorce can be difficult from a fiscal standpoint

Getting a divorce can be worthwhile for an Arizona spouse who's in a toxic or abusive relationship. It can also be a good decision for someone who's simply ready to move on with their life. However, money can play a role in determining when to actually go about ending a marriage. At a minimum, it can be difficult to make ends meet on half the money that used to be available to cover household expenses.

Divorce filings in Arizona surge in January

Family law attorneys in Arizona and around the country generally deal with a surge of new divorce filings in January. Spouses who wish to end their marriages begin to appear at attorney's offices on the first Monday after the holiday season has concluded, and the uptick in divorce petitions usually continues for several weeks. This is an annual phenomenon so predictable that many lawyers now refer to the first post-holiday Monday as "Divorce Day".

Dividing a small business during a divorce

An Arizona business owner going through a divorce may be concerned about how a split will affect their enterprise. Whether the business is owned by one spouse alone or jointly owned by both partners, it is important to have an accurate valuation of the company's worth before entering into divorce negotiations. In some cases, the business may be the largest single asset divided in the divorce. This may require looking at the current value as well as the potential for future expansion.

Parallel parenting to reduce conflict after divorce

Arizona parents who are unable to co-parent effectively because there is too much conflict between them might consider an approach known as parallel parenting. These parents usually agree on major issues such as religion but are unable to be in regular communication. Children suffer most during and after a divorce by witnessing conflict between their parents, so the best approach for parents who cannot resolve this may be avoiding contact as much as possible while still maintaining a relationship with their children.

Parents look for innovative shared custody solutions

Parents in Arizona who are considering divorce may be particularly concerned about how post-marriage life will affect their children. Even if a divorce is amicable, kids can face a difficult transition when leaving the family home. An increasing number of families -- and family court judges -- prefer joint or shared custody, which keeps both parents active in the child's life on a roughly equal basis. However, this can still be disruptive as children move back and forth between their parents' homes on a weekly basis.

Handling the marital home during divorce

When people in Arizona decide to divorce, one of the most fraught issues can be how the marital home is dealt with. In some cases, both parties want to keep the home; in other cases, finances mean that it must be sold. There are a number of issues for people to consider when they decide how to handle the family home during a divorce. One of the first things to understand about the home is whether the couple has a large amount of equity already or only a small amount because it can help both parties determine their potential future legal and financial obligations.

Avoid these financial mistakes after divorce

Divorce is clearly a life-changing event for all concerned, but people have different ways to cope with the stress. Unfortunately, too many newly single Arizonans make impulsive or poorly thought-out decisions that can have negative consequences for years to come. Many of these ill-advised choices come in dealing with finances, an area that is particularly vulnerable due to the fact that two households must now be established where one stood previously.

Living together before marriage and divorce risk

The risk of divorce for Arizona couples who live together before getting married may be higher over the long run than for couples who do not. A study that appeared in the September 2018 issue of Journal of Marriage and Family reported that couples who cohabited before they got married had a higher risk of their marriage coming to an end.

Tax changes could impact divorce for those over 50

Divorce can have a significant impact on an older person's ability to retire. Those who end their marriage after the last day of 2018 may also have to contend with changes to the tax treatment of alimony payments. Starting on Jan. 1, 2019, Arizona residents and others who make alimony payments will no longer get a tax deduction for doing so. Anyone who receives an alimony payment can no longer claim it as income.

Certain personality traits don't work in a marriage

There are many different personality traits that could determine if a person is going to have a successful marriage. For instance, if a person has a fragile ego, it could mean that he or she looks for attention from other people. If an individual shies away from conflict, it may hinder the relationship's progress. This is because arguments are what allow couples to communicate and resolve issues in a healthy and timely manner.

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