Are you retired or on a fixed income and suddenly facing the prospect of a divorce? Ending an unhappy marriage may be good for the soul, but it can wreak havoc on the finances of older Americans. For most older U.S. residents, a “gray divorce” (a common term for...
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What you should know about divorce and social media
Facebook, Twitter, Instagram, LinkedIn and, now, TikTok – social media is a huge part of most adults’ lives. Social media can be an effective platform for meeting new people and interacting with family and friends. However, if you are dealing with a legal matter, like...
3 things you should prepare for during divorce
Going through a divorce is a challenging time for any adult. It’s often difficult to determine exactly what you’ll need to do to make it through the process and come out ahead in the aftermath. While challenges will vary from one divorce to the next, there are a few...
How you can accidentally give up an inheritance in a divorce
In many divorce cases, an inheritance that you received from your parents is not in jeopardy. It is considered a separate asset. As such, you do not have to divide it with your spouse and you get to keep all of the money or other assets that your parents left you....
Sound financial steps to consider during your Ohio divorce
You can expect many things in your life to change during and after your divorce. You might feel lonely and sad for a while or struggle with living without another adult around. One change that some people fail to consider involves their overall financial situation....
Why would the court use a default divorce?
In some divorce cases, the court will have no choice but to issue a default divorce. This essentially means that the court is only working with one spouse, and the divorce is being granted due to that person’s wishes. The other individual is not as involved in the...
3 tips for living together during the divorce
When the relationship degenerates to the point of divorce, it comes with a great deal of financial, physical and emotional stress. The entire situation is all the more draining if you have to continue sharing a living space with the person you no longer feel anything...
3 options for the family home in a divorce
When you divorce, you will need to divide your marital assets. Your house is one of the most valuable of these. On top of that, it could carry sentimental value. If you need a court to decide how you will split your assets, they will look at its financial worth and...
Should you file for divorce under an “at-fault” ground?
Making the decision to divorce is a difficult and emotive one. It’s not something that anyone ever goes into lightly and there are a hundred and one things to consider. There are many reasons why a relationship breaks down, and sometimes it’s simply due to things not...
What happens to your marital assets in an Ohio divorce?
You know that some of your biggest assets are marital property. The chances are good that you and your spouse bought your home together and are both on the mortgage, as well as on the deed to the property. Other assets could be in only one spouse's name, such as the...