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Financial planning tips during a divorce

Getting a divorce in Arizona or any other state may represent a clean start for an individual. Therefore, it may be a good idea to resolve the matter with professionals who solely represent one spouse or the other. This could be difficult at first as a person may want to keep their lives as static as possible during a potentially emotional time. However, a divorce attorney may be able to recommend a financial adviser for a person to work with.

Marrying 'up' could increase divorce risk for men

Many people in Arizona maintain relationships with what could be termed "similarly matched" individuals. However, there are some men who seek to partner with more attractive spouses. An assessment of online dating data shows that both men and women have a tendency to seek out potential partners up to 25 percent more attractive than themselves. While it is possible for such relationships to be successful, there's research from multiple sources suggesting that a physical attractiveness discrepancy in a marriage tends to increase the risk of divorce.

What happens to a business in a divorce

When people get a divorce and one or both of them owns a business, there may be a complex process to decide what share of the business each person gets and what happens to the business. Since Arizona is a community property state, a business created after the marriage will usually be considered the property of both spouses. If the business was started before the marriage, there may be a more complicated issue of determining how much the company's value has increased since the marriage began.

Tips to prepare children for holidays after divorce or separation

Divorce changes the holidays for families in Arizona. Differences that led parents to split could create negative emotions when one parent has to let the children spend holiday time with the other parent. Children could also feel uncertain about what to do, but parents can take meaningful steps to reduce family stress and keep the focus on children enjoying the holidays with both parents separately.

The impact of child custody on a parent's taxes

Divorcing parents in Arizona need to decide how they will divide their assets, determine who will get any real property and have discussions on parental guardianship. Since these are all important topics, it's easy for ex-spouses to neglect seemingly smaller issues, such as tax ramifications. However, proper tax planning can lead to substantial savings.

The pros and cons of "birdnesting" after a divorce

There's no getting around the fact that divorce can be a challenging time for anyone in Arizona going through the process of ending a marriage. This is especially true if children are involved. Research suggests that kids may be less traumatized during the divorce process if efforts are made by former spouses to minimize conflict. For some couples, one way to do this is with "birdnesting." This essentially means that the family home itself remains intact while parents take turns living there with their children although they'll still live in separate residences when not in the home.

Tips for avoiding common mistakes during a divorce

Divorce may be a stressful process, but people in Arizona can make it somewhat less difficult by avoiding some common financial mistakes. One of the best ways to do this is to make a financial plan. This can be done with the assistance of a financial professional.

Cohabitation and increased divorce risk

Divorce has become quite common in Arizona and in other states, and one factor may be cohabitation before marriage. Researchers have found that couples who live together prior to marriage experience a higher divorce rate than couples who wait until marriage to move in together. Researchers have labeled this the "premarital cohabitation effect."

Possible health concerns for older adults who divorce

People 50 and older who get a divorce can have a enjoyable new life afterward, but it is important for Arizona couples to understand the possible consequences of ending their marriage at this age. While divorce may be less stressful in the long run than remaining in a toxic relationship, it can cause health problems and lead to social isolation and poverty for older people in some cases.

Why a prenuptial agreement may be a good idea

When people in Arizona think about getting married, they may be very excited to take that next step forward in their lives. Amid all of the decisions that come with wedding planning and thinking about the future, it can also be important to consider practical steps to protect both parties' financial present and future. Many experts advise that a prenuptial agreement can be important to avoid future problems.

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Law Office of Michael A. Johnson, P.C.
177 N Church Avenue
Suite 311
Tucson, AZ 85701

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