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November 2017 Archives

Protecting business assets during a divorce

Ohio residents who are getting divorced will need to negotiate a divorce settlement. A major asset they might find themselves negotiating over is a business if either they or their former spouse own or co-own a business. Because not being properly informed about the true value of a business can have deep financial repercussions later on, it is best for divorcing residents to educate themselves about this as early as possible in the divorce process.

When a divorce is the right decision

When an Ohio couple gets a divorce, it could have an impact on any children they may have. In fact, it could result in that child having emotional problems as well as an increased likelihood of not going to college. Children who have parents that got divorced are also more likely to get a divorce themselves. However, it may be best to end a relationship if there is abuse or if the children can see that the relationship is fatally flawed.

Risk factors for divorce

People in Ohio who get married in their late 20s may have a lower divorce rate than those who marry in their teens or after their early 30s. Studies have also found that a larger age gap between spouses raises the likelihood of divorce. A number of studies have also identified other factors that may contribute to divorce.

Why Ohio couples divorce

The Centers for Disease Control and Prevention reports that by the fifth year of being married, a divorce, death or separation will affect the marriages of 22 percent of couples in Ohio and the rest of the country. For couples who have been married for at least two decades, the rate for the disruption of a marriage increases to 53 percent. While there can be multiple contributing factors, there are some main reasons why couples choose to get a divorce.

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