People in Virginia and across the country are encouraged to begin planning for their retirement as early as they can. They often spend decades of their lives carefully planning their finances for when they no longer work. As a result, retirement funds are often significant, and their division during the divorce process can have a significant impact on both parties.
When couples choose to marry in Virginia, most do so with the intention of being together for the rest of their lives. In some cases, this could include sharing the burdens related to building a business, whether that includes both spouses directly involved in the business or one spouse making sacrifices to enable the other. Should the marriage end in divorce, dividing a business can be complicated.
Ending a marriage is a big step that needs careful consideration. The laws of Virginia require couples to spend some time apart to make sure a divorce is what they want. Before the divorce process can be finalized, spouses must live apart for six months. If they have children, divorcing parents must live separately for at least one year.
Most people in Virginia are aware that a great deal of thought and consideration often goes into the process of deciding whether to end a marriage. Once that decision is made, however, couples are left to make multiple decisions that could ultimately have a significant impact on their financial stability for the years that follow. While deciding who will keep the house and how child custody will be divided are obvious, other decisions -- such as who will retain any points earned with the use of a credit card -- may be easily overlooked during the asset division process of a divorce.
At this time of year, it is understandable that people in Virginia and across the country have their thoughts turned to their taxes. As the filing date approaches, many people likely have multiple questions, especially if they chose to divorce and share custody of children. Who can claim the children as their dependents is often a question that many parents have.
The amount of time children in Virginia and across the country spend on electronic devices is a controversial topic in modern society. While the potential negative effects of social media use, for example, are well-publicized, the potential benefits may be ignored. However, a recent study seems to indicate that texting and social media may be a useful tool to help children in the aftermath of a divorce.
Most parents in Virginia are committed to ensuring that the best interests of their children are met. In some cases, they may even be willing to stay in an unhealthy, unfulfilling marriage because of the belief that an intact family is better for children. However, though a divorce can change the overall composition of a family, it does not completely break it.
Many couples in Virginia who have been married for decades often work hard to build a life together and ensure their financial stability. Even when one partner works hard to create a successful company, the other often helps, including making financial sacrifices to help the company. Since Jeff and Mackenzie Bezos announced their intention to divorce, there has been a great deal of speculation regarding how the divorce will impact Amazon.
Many people in Virginia use the start of the new year to make a new start. Often, families have spent a significant amount of time together over the holidays. For many couples, this time spent together is an indicator that a marriage is no longer working, often prompting an increase in the number of people contacting attorneys in January. However, there are some important considerations for those considering a divorce.
Even couples in Virginia with the best of intentions find that the changes life brings often leave them different people, sometimes no longer compatible with the person they married. For many families, the best option for a happier, more fulfilling life is to seek a divorce. Even those committed to an amicable split, however, can experience emotional and financial hardship, leaving the creation of a final settlement a relief. However, even once their agreement is finalized, additional follow-up may be necessary; failure to do so can have a significant impact on a person's credit score, for example.