For many people, summertime means vacation and relaxation. Planning a trip to the beach or a road trip across the country could seem like just what the family needs. However, taking a vacation can be more stressful for families after a divorce. It often requires careful planning.
There’s an ancient proverb saying that holding onto your anger is like picking up a hot coal with the intention of throwing it at someone else – you are ultimately the one who gets burned. Most divorce attorneys would tell you from experience that this is true. There may be a lot to be angry about when going through a divorce or child custody dispute, and much of it is justified. But is it helpful to hold onto that anger, or do you need to let it go?
When a couple in Virginia decides to divorce, they may be most concerned about the effects of the separation on their children. These soon-to-be exes need to hammer out a parenting plan as well as the details of child custody and visitation. Many parents may work hard to protect their kids from emotional harm by avoiding negative talk about the other parent or working to co-parent positively together. Still, the financial effects of divorce are often some of the most significant, and the same is true when it comes to the children's education.
If you are divorced you may be entitled to social security benefits based on the work record of a former spouse, even if that former spouse has gotten remarried. This is typically true for those who were married for at least 10 years and who would receive a smaller benefit than their former spouse would. This does not have to be addressed in your final divorce decree for you be entiteld to the benefit.
In many divorce cases in Virginia, spousal support is among the final issues to be resolved. This is because the parties to a divorce need to split assets and otherwise determine what resources each person will walk away from the marriage with. At that point, talks can begin regarding the potential need for financial assistance. There are many factors that come into play when deciding how much support an ex-spouse should receive.
Divorce involves the separation of financial lives. Although this process does not necessarily damage the credit scores of estranged Virginia couples, it could result in financial distress and damaged credit records. Jointly held credit accounts, like mortgages or credit cards, create opportunities for negative credit scores after a divorce. Although a divorce decree might require one party to pay a credit card bill, the creditor still looks to both parties for payment on joint accounts. Missed payments ding the credit scores of people who were expecting former spouses to meet their obligations.
More than 25% of American mothers with kids younger than 18 do not work outside the home. For fathers, that figure is 7%. When stay-at-home mothers in Virginia get divorced, they are entitled to an equitable amount of marital assets. This raises an issue about how to value caregiving compared to being the family breadwinner.
Determining where children should live and how they will spend their time can be a complicated process when Virginia parents are going through a divorce. The courts are likely to determine that one parent will need to pay child support. This will allow both parents to share the financial burden of raising their children.
Many Virginia residents have probably noticed the headlines regarding the separation of Amazon CEO Jeff Bezos and his wife MacKenzie. The divorce has been riddled with stories of adultery and threats of blackmail. While this type of split isn't exactly typical, it's not unusual for high-asset divorces to be complex. There are a few lessons that can be taken away from this celebrity breakup.
In addition to alimony, retirement accounts and child custody and support, dealing with the marital home is often one of the most contentious issues among divorcing couples in Virginia. A common solution is for one ex to keep the home. In such a case, the next step is to determine how to handle the mortgage. One option is to retain the original joint mortgage. Another possibility is to refinance.