Divorcing During Tough Times in Ohio

Is there such a thing as an ideal time to get a divorce?  Everybody gets divorced for different reasons, but usually at least one underlying reason is that you think it would be better to not be married than  remain married.  So is there a better time than others to do this?  There can be.

When it comes to happiness and getting out of a bad marriage, really it is always a good time to start the divorce process.  You only live once as they say and you deserve peace and happiness.  But what if times are tough, or you just lost your job, or you had to cash in your retirement account, is that a good or bad time to get a divorce?

One thing to keep in mind is that when you are getting a divorce, you split up the assets and the debts of the marriage.  For somewhat longer term marriages (10+ years), payment of spousal support may be an issue.  If you have kids from the marriage, the payment of child support will become an issue.  If you own a home with your spouse, then the division of the equity on the home will be an issue.  When you get divorced, then the Court looks to calculate what amount your spousal support or child support should be, then they are going to take a look at your income.  If the market is down and you've recently lost a lot of value in your retirement account or your home equity, well then that may present some circumstances that could work towards your advantage during a divorce.

Tough Times Economically Aren't Such a Bad Time To Get a Divorce

Would you rather divide up your retirement account at the peak of the market or during a bear market?  Most of the time you'll end up paying less to your spouse in a divorce property settlement when the stocks are down.  If your home value has recently taken a hit then the same principal applies.  If you recently lost your job then the cards may have changed to the extent where you would have been paying your spouse spousal support and now, due to your current economic circumstances, you may not have to pay anything at all, or your spouse may have to pay YOU spousal support.  The Courts will, of course, look at the whole picture of the history of your income and whether or not you are purposefully unemployed or underemployed.  Your income is also used to calculate what your child support should be.  What all of this means is that if you've been wanting to get a divorce but new economic times are bad and you're not so sure anymore if you should go through with it or wait, well sometimes it is a good thing to get a divorce when things are bad.  You will, of course, still have to figure out a way to pay for a divorce lawyer.

Columbus Ohio Divorce Attorney Helping Individuals Get Out of Troubled Marriages

When times are tough and you need out of your marriage then it is time to call a divorce attorney.  The divorce attorneys at Harris & Engler have offices in Columbus, Ohio and help clients across Central Ohio.  When you need a divorce, you need a good divorce attorney.  You can find one by calling (614) 610-9988.
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Disclaimer:  Harris & Engler offers this website and the content on it for informational purposes only, as a service for our clients and friends.  The contents of this site are not considered legal advice for any purpose, and you should not consider them as such advice or as legal opinion on any matters. 

With Offices Located at: 30 Northwoods Blvd., Suite 350, Columbus, Ohio 43235
Phone: (614) 610-9988  Email: contactus@harrisengler.com