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divorce Archives

New tax law means changes to child support and exemptions

It's generally not advised that people in Virginia, or any other state for that matter, rush to end a marriage, especially if children are involved. However, couples clearly aware that a legal split is in their future may want to attempt to beat the clock before the Tax Cuts and Jobs Act (TCJA) changes officially takes place in 2019. The reason is changes affecting child support and exemptions and alimony.

How gender ratio at work affects divorce risk

Married spouses in Virginia might be more likely to get divorced if they work in environments with many people of the opposite sex. These were the findings of a Stockholm University study that examined demographic data from Denmark. The study examined people born since 1945 who married between 1981 and 2002.

Health and economic effects of divorce on older people

People in Virginia who are 50 and older and who are getting a divorce should take steps to protect their health. Expert say that divorce is one of the most stressful life events for people at any age. The chronic stress and depression can worsen conditions including diabetes, heart disease, Parkinson's disease and high blood pressure.

School year planning following a divorce

Divorced parents in Virginia can help their children with the transition by planning for the school year ahead. They can start by sitting down with them to talk about academics, relationships, jobs and extracurricular activities. Children may also have certain challenges ahead they can discuss with their parents.

Wedding dates: choose with care

When couples in Virginia decide to get married, one of their first considerations is their wedding date. In many cases, wedding dates are chosen on the basis of family schedules as well as the availability of preferred reception sites. However, some couples decide to schedule their weddings on "special" dates, such as Valentine's Day or a date with a matching series of numbers, such as February 22, 2022 (2/22/22).

Why divorce may be 'contagious'

While divorce may not be medically contagious, couples in Virginia with separated friends are more likely to end their marriages. Studies out of Harvard, Brown and the University of California at San Diego show that spouses are around 75 percent more likely to get divorced when they have a friend who is divorced. Furthermore, a spouse is 33 percent more likely to split if a friend of a friend gets divorced.

Financial issues after divorce

The financial unknowns that occur after divorce can lead to a lot of stress. Virginia couples who are splitting up can help alleviate some of the anxiety they may be experiencing by getting a clear picture of their financial accounts. This includes their liabilities, expenses, income and assets.

Explaining the different types of child support cases

Not everyone in Virginia receiving child support payments gets their funds in the same way. Some recipients draw funds directly from a non-custodial parent, and others get payments from the state. This is because there are four different types of child support cases. Each type involves different payment arrangements and circumstances. Having a better understanding of what options are available can help parents or legal guardians in need of child support have a better idea of how assistance may be provided.

Millennial couples struggling with student loan debt

Some millennials in Virginia might be struggling with student loan debt, and it could be affecting their marriages. According to a survey by the website Student Loan Hero, over 33 percent of people with student loan debt cited debt and financial issues as a factor in the divorce while 13 percent specifically blamed student loans.

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