Married couples in Virginia who have decided to end their marriage after a long time will need to prepare for a process that might become more complex depending on the property shared by the couple and if they also share minor children.
Some Virginia residents may be surprised to learn that there is usually an increase in divorce filings in the month of January. Even searches on online platforms for things related to divorce, like "divorce party," increase during the month of January, especially the first half of the month.
When a person in Virginia decides to get a divorce, that person might want to consult a financial planner or even a certified divorce financial specialist. The latter individual has specialized training in the issues around divorce and money. This may be particularly helpful for individuals who do not know much about the family finances.
Working women in Virginia and around the country are often left financially vulnerable by divorce. A study conducted by the London School of Economics reveals that working wives see their incomes fall by an average of 20% following a divorce while husbands earn about 30% more after ending their marriages. This drop in income makes life especially difficult for divorced wives because women generally earn less than men to begin with.
Men in Virginia and throughout America are generally expected to be financial providers for their families. However, it is not uncommon to see wives make more than their husbands. Research suggests that this could be a problem in some relationships. One study found that a couple is 33% more likely to get a divorce when the wife makes more than the husband. While women have more leeway to determine what they would like to do with their lives, men are still expected to be financially stable.
Most Virginia residents are active on at least one social media platform, and the messages and photographs they share with their friends and followers are often quite candid. This kind of sharing has become so common that it is now considered a normal part of daily life, and it is also a source of evidence in about two-thirds of divorce cases. Scouring the social media accounts of divorcing spouses leads to the discovery of evidence worth presenting in court 81% of the time, and about a third of all divorces are initiated by spouses who discovered evidence of infidelity online.
Divorces in Virginia do not always involve selling the marital home. Sometimes, the splitting spouses agree that one should buy out the other's half of the house. The desire to keep children in a familiar environment often motivates this decision. For a home that has a mortgage, the person retaining sole ownership of the house needs to obtain a new mortgage without the ex-spouse's name on it. The newly single person will need to have sufficient income and credit history to gain approval of new financing.
The divorce process can create financial challenges for Virginia residents. As a person tries to rebuild their new life, they want to make sure that they get control of their finances as quickly as possible after the divorce. Being proactive is essential in order to put financial struggles to an end.
Virginia couples may face a difficult decision about how to deal with the family home during a divorce. The family home can come with a significant amount of emotional baggage, especially if children are involved and feel an attachment to the house and their community. There are also major financial costs involved, especially because the marital home is often one of the largest assets divided in the divorce. This is particularly true if the couple have accumulated a large amount of equity in the home.
Despite the widely-held belief that fathers face discrimination in family courts in Virginia and across the country, some research indicates that they are actually favored, even when credible allegations of abused are raised by mothers. According to one study of over 2,000 child custody cases involving allegations of child abuse, domestic violence and parental alienation, researchers found that allegations of parental alienation were frequently held to trump abuse claims, even when children spoke about their own experiences of abuse. In the past, mothers were often assumed by default to be the more appropriate caregiver for a child. In seeking to correct that bias, some courts may overcorrect, even when abusive fathers are involved.