When people in Virginia get a divorce, a retirement account may be one of the main assets they have to divide. How this is done depends on the type of account it is.
The types of issues that Virginians face when they get divorced may be more complex for people who are older. While the divorce rate among younger people has fallen, the rate of divorce for people who are over 50 has steadily climbed during the last couple of decades. Older people who are thinking about getting divorced should carefully consider their options before they file.
Virginia parents who are concerned about how separation will affect their children might wonder if they should postpone a divorce. In some cases, it might be better for the children if the parents stay together. In other cases, however, divorce is still the best choice.
Virginia couples who have a 10-year age gap may be more vulnerable to divorce than spouses who are closer in age. This is one of many findings of studies that examine the likelihood of divorce. Couples who marry as teenagers or after the age of 32 are also more likely to divorce than those who marry in their late 20s.
Some Virginian residents choose to marry while they are young. People who get married when they are in their 20s may end up getting divorced before they reach age 30. People who are young might want to take time to make certain that they are ready for marriage before doing so.
Some married Virginia residents might struggle with a decision over whether they should get a divorce. In some cases, it may be easier for people outside of the marriage to assess the situation than for the spouses themselves. However, there are some situations that could mean divorce is the only solution.
Child support in Virginia is determined by a certain mathematical formula, but sometimes complicating factors can arise. When the paternity of a child is in question, DNA tests could be required to accurately identify the biological parent.
Virginia residents often share a bank account with their spouse. If the need arises to close the account, it can generally be done without the consent of the other person or people on the account. However, it may be best to have everybody on board with the closing to ensure that all parties know what is happening with the money.
Virginia military members are more likely to go through divorce than those in other professions, according to an analysis of census data by the website Zippia. The analysis found that three of the top 10 jobs with the highest divorce risk before age 30 were military professions. The number one career associated with divorce was first-line enlisted military personnel. The two other military jobs in the top 10 were air weapons and tactical operations. Other professions in the top 10 included mechanics, automotive service technicians and logisticians.
Virginia residents headed for divorce may receive a lot of advice from family members and friends based on their personal experience or that of their own loved ones. However, a number of common beliefs are not true. Correcting that information can help to protect the emotional and financial well-being of people in this situation.