Dannenbaum Law Firm, PLLC

Posts tagged "Divorce"

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.

Alimony and post-2018 changes to tax law

Tax laws can have significant impacts on how a divorce settlement is negotiated, especially for couples in Virginia with significant assets. Due to tax law changes that are scheduled to go into effect on New Year's Day in 2019, many couples are accelerating their plans to divorce in order to finalize their agreements before 2018 is over.

How keeping the home in a divorce may be beneficial

Women in Virginia may be advised by professionals to resist the temptation to keep the family home after a divorce. According to one study, in some cases, it may be financially beneficial for them to do so. Some women may want to keep the house because it offers greater stability for their children. They may also have a sentimental attachment to the home.

Restrictions former spouses may face during a divorce

Going through a divorce with children can be a difficult process for many Virginia parents, especially if the divorce is not amicable. What can make a divorce even more difficult, however, are the restrictions put on the former spouses. These restrictions can affect property, finances and even the ability to travel with the kids.

Visitation remains an option for people denied child custody

An unsuccessful bid for child custody in Virginia does not mean that the parent will never have access to their children. Parents often still have a good chance of gaining family court approval for a visitation schedule. Depending on the circumstances, visitation could allow for weekly or bi-weekly parenting time on one or two days a week. In addition, the parents could have the children on holidays or during summer vacation.

Challenges in saving for college after divorce

Virginia parents who are ending their marriage might be concerned about how it will affect their ability to save for their child's college education. With the expense of maintaining two households instead of one and concerns about child and spousal support, paying for college may become less of a priority. However, with tuition continuing to rise, it may be important to think about how to afford it.

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