When you're married, it's common to take on all types of debt with your spouse. This can include but is not limited to credit card debt, mortgage, car loans, personal loans and lines of credit.
Many legal hurdles can arise when a couple moves forward with a divorce, from financial issues over alimony or property division to stress and other emotional concerns. If you have kids, divorce can be particularly tough, especially if a dispute centered around the custody of your child comes up. It is critical for you to take many factors into consideration during a custody dispute, not only from your perspective as a parent but from your child’s point of view also. For example, you should prioritize their best interests and focus on what is best for them, with respect to key issues such as their education.
Despite the fact that your divorce is in the works in Ohio, you still see your ex more than you would like to as the two of you have arranged a shared custody agreement of your children. While you are satisfied with the agreement that has been made, you are actively looking for ways to reduce the tension and conflict between you and your ex as you openly acknowledge that participating in heated verbal exchanges will only worsen the situation for your children.
Gray divorces are happening more often than the used to in Ohio. Older couples are deciding after decades of marriage that they wish to end their relationships, which leads to issues that younger couples do not really have to deal with. One of the biggest is managing retirement funds. Generally, the law says an equal split of assets and retirement is an asset, so it could mean trouble for you if you end up losing your retirement money at an older age.
As a parent in Ohio, you will have to decide how you are going to handle matters of child custody when getting a divorce. There are two main options: sole custody, and joint custody. Which is best for you? That depends on your own unique situation. Today, we'll take a look at joint custody.