Atkins and Atkins Attorneys at Law, LLC

The effects of income on divorce

Money can be an issue for many couples in Ohio. In some cases, it's because husbands are insecure about their wives earning more money than them. Studies show that women who make more than their husbands are more likely to get divorced.

Selling, keeping or splitting a business in a divorce

Owning a business can mean that a couple in Ohio has an additional complication when it comes to dividing property in a divorce. The first step they will need to take is having the company valuated. Once they know what the company is worth, they might want to sell it, but one person might also buy out the other, or they might continue to run it.

Divorce, taxes and claiming dependents

When completing their tax returns, Ohio residents can claim qualifying dependents and encounter almost no issues. However, in situations in which multiple taxpayers are claiming the same dependents, such as when separated or divorce parents both claim their children, the process can quickly become complicated, forcing the Internal Revenue Service to examine the returns and decide which claim to allow.

Staying calm during a divorce has long-term gains

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.

Divorce could mean splitting with professional partners too

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.

Divorce and avoiding financial mistakes

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.

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Atkins and Atkins Attorneys at Law, LLC

490 City Park Ave.
Columbus, OH 43215-5780

Phone: 614-398-3277
Phone: 614-485-8248
Fax: 614-591-4667
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