The “golden years” may not be so “golden” for those couples who choose to part ways later in life. According to researchers, even though divorce rates in general seem to be stabilizing, the divorce rate among the “baby boomer” generation continues to increase.
This trend is proving to have a disproportionately negative effect on women over 50. Recent studies show that 1 in 5 women over 65 are still working. This number is 2 times higher than it was in the 1980s.
Divorce Later In Life Proving Difficult Financially For Women Over 50
Compared to couples who split when they are young, divorcing later in life is proving to have severe, financial impacts on the older population, particularly women. In a recent study, Claudia Olivetti of Boston College and Dana Rotz of Mathematica Policy Research surveyed 56,000 women and found that in comparison to those who divorce at age 30, women age 50 and above are 10% more likely to be working full-time between the ages of 50-74. It appears that divorcing later in life is pushing these women back to work and is forcing them to delay retirement.
Besides the fact that divorcing later is causing the number … Read More... “Divorce Rate Up for Older Women: The Financial Impact Divorcing Later in Life”
A lot of people ask or search online for the answer to this question. No one likes to spend money for a lawyer. I have attached a link that the Montgomery County Ohio Domestic Relations Court provides to the public. It is titled 
Divorce can be earth-shattering for everyone, but arguably no one suffers more than the children involved. That being said, while divorce has proven to have devastating impact on these young people at the time, some research now suggests that these children do not experience long-term side-effects.
Parents frequently complain about how their children do nothing but cost them money. However, when it comes to taxes, children can actually save their parents some money. Parents are able to receive certain tax deductions for medical care provided to their dependent child as well as receiving certain personal exemptions for each individual they claim as a dependent. This has the potential to save parents thousands of dollars on their tax returns, since the exemption will reduce their taxable income by a fixed amount. For 2016, the deduction amount ranges up to $4,050 for each exemption claimed.
Do you and your spouse BOTH recognize that your marriage is emotionally and all but officially over? Have you been procrastinating moving forward with dissolution and terminating your marriage? Not a pleasant decision, but sometimes a necessary one. Well, there is still time to accomplish and complete that objective around the first of the year.
On October 3, 2016, I was notified that the Ohio Family Law Blog was selected by Feedspot.com one of the 
The Supreme Court of New Hampshire recently held that courts may consider premarital cohabitation when considering the division of a same-sex couple’s assets. In the Matter of Deborah Munson and Coral Beal, the New Hampshire court was faced with a divorce and division of assets of a same-sex couple who lived together for 15 years before a civil union was held, followed by a marriage three years later. During the 15 years before the marriage, the couple essentially acted and functioned as a married couple, both socially and financially. However, the trial court awarded Beal limited alimony and a small percent of the marital estate based upon the short duration of the marriage. Upon appeal, her attorneys argued that the district court should have considered the 15 years the couple cohabitated prior to the marriage.