When parents in Ohio choose not to raise their child together, it could be due to divorce or other reasons. Whatever the explanation, one parent might need financial assistance from the other in order to adequately care for the child. Some parents may not know how to figure out whether they qualify to receive child support payments. There are a few factors that can determine their eligibility.
Many Ohio parents are unsure how to approach having “the talk” with their kids. It is not the talk about the birds and the bees that parents fear the most, but the one in which mom and dad say that they are no longer going to be living together as a family. Divorce is a difficult topic for families to discuss, and often parents simply don’t know where to begin. Honesty is an important component of a successful divorce “talk,” and plays a role in how both parents and children will process the changes ahead.
When discussing divorce, the focus is often on the ins and outs of the process; the best way to approach the division of assets, the best way to support one’s child during the process, the best way to interview divorce attorneys. These bits of advice are certainly helpful to Ohio spouses who are entering the divorce process, but they often fail to give spouses insight on the topic they are most wary of. Rare is the husband or wife who doesn’t fear how he or she will react to the end of a marriage, and even rarer are those who have prepared for the likely reactions to come.
In many cases, Ohio couples who are considering filing for divorce take an overly broad view of the process of dividing marital assets. They may look at property division as a matter of simply dividing the family’s assets down the middle, with each person walking away with half of what has been amassed. This view, however, is mistaken, and can result in significant financial losses for all involved. A better divorce approach is to consider various property division possibilities before selecting a course of action.
In many cases, spouses who are moving toward divorce will be able to process the end of their marriage in a relatively collaborative manner. They will work together to attain their shared goal of transitioning from one household into two, including the process of dividing marital assets. However, there are some instances in which the spirit of collaboration will be markedly absent from the divorce process, and in which Ohio spouses may even attempt to hide assets from their spouse.
For those in Ohio who plan to make use of the tax deduction associated with alimony payments, ensuring that one’s tax return is properly completed can save a great deal of time and effort in the event that an audit is undertaken. A recently completed audit of alimony-related tax issues suggests that the Internal Revenue Service is losing a considerable volume of money due to incorrect or fraudulent tax returns. The response may be a closer inspection of such returns in the future, and an added risk of a tax audit for those who divorce and subsequently fail to properly document these expenses.
In decades past, men and women had very different expectations when it came to child custody determinations. In most cases, the mother would retain sole custody of the child, with the father gaining a measure of visitation, and often a responsibility to pay child support. Even today, many Ohio men feel as though they are fighting an uphill battle when it comes to gaining a fair share of child custody rights. One recently published article looks at some of the statistics concerning fathers and custody, and found that equal or shared custody seems to be on the rise.
For many Ohio residents, the weeks and months following the end of a divorce are defined by a sense of extreme relief. The process of negotiating various aspects of the split and examining every detail of your financial standing can be exhausting, and it is normal to feel relieved that this period is over. However, there are important estate planning tasks that must be accomplished after a divorce has been made final, and postponing these chores can be devastating.
When an Ohio couple is preparing to wed the last thing on their minds is the chance that their union could end in divorce. However, marriages can and do end, and those who are prepared for this outcome are in a far better financial position than those refused to acknowledge the risk while they had the chance. Drafting a prenuptial agreement is a wise financial planning move, and there are more benefits to be had than the obvious family law protections.
Ohio readers may have heard about a recent ruling in which a sperm donor has been ordered to pay child support. The case has led to a great deal of debate about how alternative family planning choices such as sperm/egg donation and surrogacy are handled by the nation's courts. Many fear that the case will lead to hesitation on the part of donors who are concerned that they may one day be held responsible for child support payments against their wishes.