Divorce is one of the most-stressful situations a person can go through. Between the emotional, financial, and interpersonal tribulations, it's important to have experienced guidance. Whether yours is a standard, uncontested matter or a contested complex situation, Gillespie Law, LLC, is prepared to be of assistance.
Sometimes when a couple in Dublin decides to end their marriage, both parties want to get the matter over with as quickly as possible. However, it is important to take the time to carefully address all divorce legal issues, particularly financial issues. This is because the outcome of the property division process and any award of spousal support can last for the rest of a person's life. Therefore, it is in one's best interests to make sure they understand the decisions they are making when it comes to spousal support the division of assets and debts in a divorce.
Alimony, today also commonly called spousal support, can be an important issue for many divorcing couples in Ohio. Many people harbor misconceptions about this provision gleaned from popular culture or their own friends and family.
When a person in Ohio is going through a divorce, they may be very worried about how their property will be divided between them and their ex. And, while property obtained during the course of the marriage is, in general, subject to property division, property that is deemed separate will not be subject to property division, and will be retained by the spouse who owns it.
It used to be that divorce was taboo. People in Ohio may have stayed in unhappy marriages due to the social stigma of divorce, and if they did divorce, the situation was hushed up. However, according to a recent Gallup poll, the number of adults in the nation who stated that divorce is "morally acceptable," is on the upswing, at 73 percent.
The end of a marriage for spouses over 50-years-old, known as gray divorce, can be financially costly although it does not usually involve child support disputes. These can upset financial planning for retirement by splitting the couple's savings and other assets, accumulated over many years, in half.
Last week we touched on some of the many benefits and reasons to consider creating a prenuptial agreement, often called a prenup, prior to a marriage. The benefits are vast. Although a prenup can be created and become valid without the advice or help of a legal professional, there are certain things that a prenuptial agreement cannot contain. Failing to abide by the law may render certain parts of the prenup invalid, or could void the entire document.
The last thing a couple on the months, weeks or days before a wedding want to think about or discuss is the potential of the marriage failing and ending in divorce. As we all know, however, the reality of marriage in the United States, including the Dublin, Ohio, and surrounding area, is that about half will ultimately end in divorce.
While in a divorce, there are countless things that need to be considered. The divorce process itself can feel overwhelming. Things can be easier if there are no children involved, but that does not necessarily mean it will be any less stressful, especially when one is looking at their new future.