A divorce proceeding can be one of the most emotionally taxing legal events a person can experience. Many divorced individuals in Columbus, Ohio, can attest to this fact. However, becoming lost in one's emotions can have a detrimental effect on the divorce, including the property settlement and parenting plan. Techniques are available that can assist in minimizing the turmoil and making the most of a turbulent situation.
Once an Ohio couple decides to end their marriage, there's often a lengthy process of transition as two households are established from one. Even when the parties know the split is the right path, anxiety can accompany the new beginning. It can be difficult seeing social friends having to choose between former partners. When it comes to business relationships that have been established during the marriage, it is advisable to think twice before continuing on.
Ohio couples who are planning to get divorced should know that the process can be lengthy and have emotional consequences. They should also be particularly aware of how getting divorced can negatively affect their finances in the present and in the future and of what steps to take to mitigate that impact.
Tax changes put in place by the passage of the Tax Cuts and Jobs Act in 2017 will have implications for some Ohio couples who are getting a divorce. Two of the main issues deal with how deductions are taken for children and the treatment of alimony.