Alongi Law Firm, PLLC

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Posts tagged "Divorce"

Don't let divorce ruin your physical health

When a person experiences a stressful situation, he or she may feel emotionally distraught, needing time and support to recover. For instance, those in Arizona who are currently preparing for or have recently navigated divorce may be glad to be moving on in life but also feel a sense of loss or emotional distress. Even more problems can arise if that emotional distress manifests itself through adverse physical health.

Divorce and financial planning

Maricopa County couples who are contemplating ending their marriages often face a wide array of emotions, and this can lead to wanting to get the process over with as quickly as possible. This might end up being a mistake, however, especially for those who have a significant amount of assets, because planning for the financial consequences in advance can be a crucial part of a divorce.

Women are more likely to file for divorce

While many people in Maricopa County might think that women are more interested in marriage than men, divorce statistics show that they are also more likely to end an unhappy relationship. According to a 2015 study conducted by the American Sociological Association, women initiate up to 70% of divorces across the country, far exceeding the number of divorces initiated by men. This marks a sharp upturn from the past, but there are many reasons for these changes. In the first place, women are more likely to work outside the home, and more people tend to marry those of roughly equal financial circumstances.

"Strategic divorce" could provide financial benefits

The debate about taxing the wealthy is not restricted to presidential campaigning. For some people in Maricopa County, these discussions have sparked serious thoughts about how they might respond to changes in the tax system in an attempt to keep a greater proportion of their income. One of the issues that has been highlighted is the "marriage penalty." While people at lower income levels often receive tax benefits by marrying, those in the highest bracket enter it as a married couple earlier than they would as two single high earners. However, few wealthy people are likely to divorce to save hundreds of dollars on taxes, especially given that the costs associated with property division would far outweigh the tax savings involved.

Strategies co-parents can use to cope with problems after divorce

After going through a divorce, many co-parents in Arizona feel like they are navigating through a completely different world. While they are dealing with their own pain, they also need to make smart parenting decisions as they look out for the best interests of their children. The following strategies have helped co-parents with some of the most common issues faced after a divorce.

Considerations for splitting an IRA among divorcing couples.

In Maricopa County and around the country, there has been an alarming increase in the number of divorces in couples over 50. Often referred to as grey divorces, these marital splits have brought about new challenges regarding the division of assets. One example is dividing an IRA.

Reset finances by discussing a postnuptial agreement

One way that some couples in Arizona have decided to reset their finances is by discussing a postnuptial agreement. This legal document is similar to a prenuptial agreement. One major difference between these two agreements is when they are signed. Prenuptial agreements are signed prior to marriage, and postnuptial agreements are signed during marriage.

Divorces peak in the beginning of January

Legal professionals in Arizona and other states have started calling January "Divorce Month." Statistics from a study conducted in 2016 at the University of Washington confirmed that divorce filings went up in the month of January from the year 2001 to 2015. Additionally, searches for the word "divorce" or "divorce party" go up during January in search engines and online platforms.

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