When parents in Virginia consider divorce, they may be deeply unhappy in their marriages but concerned about how the split would affect their children. Many parents remain in failing marriages for years due to concerns about how their kids would react to the divorce. In many cases, the kids may have a more difficult time dealing with the effects of staying together for the children than with their parents' divorce. By staying aware of the kids' emotional needs, parents can help their children to deal effectively with the challenges that can accompany divorce.
Medical debt doesn't always hurt credit scores
Medical debt is the top reason why people file for bankruptcy according to a Nerdwallet report. Data from Consumer Reports found that 30 percent of those who had insurance had unpaid medical bills. While such debt can be a financial nuisance for Virginia residents, failure to pay may not have a negative impact on a person's credit score. However, this depends on the type of scoring system a lender uses.
How domestic violence is treated in Virginia
Virginia law recognizes five different types of violence used by a partner to gain control over another. Domestic violence may also occur if the victim was an in-law who resided in the same home. These methods include physical violence, emotional abuse and sexual assault. Individuals who commit domestic violence may also do so by controlling a partner's access to money or by otherwise neglecting that person. Examples of physical violence include slapping, biting or using a weapon to harm a partner.
How to protect a business from divorce
Virginia business owners might want to take steps to protect their ventures in case of a divorce. Even though the other spouse may have nothing to do with the company, it might be possible for that person to claim half of the business or half of the value that it has gained since the date of the marriage.
The TCJA and the rising cost of divorce
Virginia residents who are considering getting a divorce may already be aware that the process can be very expensive. However, the Tax Cuts and Jobs Act could make marital separations that take place after 2018 even more costly.
Taking care of finances before and after divorce
Divorce can put a former spouse under financial and emotional stress. For seniors, the process may be especially destabilizing financially as it can be shocking to go from a two-income household to just a single income. However, seniors in Virginia who are approaching or going through a divorce can take steps to mitigate the financial harm.
The link between profession and divorce
The job a person has tends to have a direct impact on his or her life. For instance, it can be a source of stress that affects health and relationships. In some cases, working with members of the opposite sex increases a person's chances of getting a divorce. Of course, this doesn't mean that a Virginia spouse will experience a failed marriage just because of who they work with.
