You may have heard of parents waiting until their children go to college before dissolving their marriage. Does this mean there is a better or worse time for parents to divorce if they have minor children? And, if your marriage is in trouble, should you wait for your...
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Divorce
Time to file for divorce? Why many wait until after the holidays
Getting a divorce is a huge decision at any time of year. The stakes become even higher when children are involved. Studies indicate that there’s often a spike in divorce filings in January. In fact, January has been labeled as “divorce month”. Why do so many leave...
What should I do with my house during our divorce?
If you’re getting divorced, you may need to decide what to do with a home that you and your spouse bought during your marriage. From a financial perspective, it may be the most valuable and important asset you own. From an emotional and sentimental perspective, you...
What does “contested divorce” mean?
Because of no-fault divorce laws, contested divorce does not mean that the outcome may result in the couple staying married. They’re not debating whether or not they should get divorced, nor is the judge determining if they will allow the couple to end their marriage....
What are the financial effects of a gray divorce?
"Gray divorce" refers to divorces occurring among long-married couples who are aged 50 or older. While gray divorces happen for all kinds of reasons, the one thing that they typically all have in common is complicated financial circumstances. In Virginia, marital...
What should business owners know before filing for divorce?
Divorce is difficult, but it can be particularly hard for business owners. Apart from the usual divorce pressures, you also have to face the possibility of losing or sharing the business you sacrificed so much for with your soon-to-be ex. If your spouse directly or...
Can I afford to get divorced if I have a large amount of assets?
High-asset divorces don’t have to be long, expensive and messy or even combative. Two power couples who have divorced in recent years have demonstrated that. When Microsoft co-founder Bill Gates and his wife Melinda announced their divorce two years ago after more...
What should you tell your children about your divorce?
First and foremost, what you tell your children about your divorce is up to you. This is going to be different in every case, as every family has their own unique situation. As a parent, you get to decide what is best for your child. That being said, many parents are...
Should you continue paying spousal support after your ex remarries?
Once a divorce is finalized, most individuals get on with life and enter new relationships. In fact, according to a recent report by the U.S. Census Bureau, nearly half of all divorced Americans remarry within three to four years. However, if your former spouse has...
Could your job or career choice lead you to a divorce?
There are any number of factors that lead to divorce. Growing apart, irreconcilable differences and disagreements over money are among the top reasons for divorce. Did you know that a person's occupation or career may play a huge role in the rate of divorce?...