With the divorce rate peaking at almost 60 percent, many people may wonder why. One of the top contributing factors of divorce in the U.S. every year is infidelity.
One of the biggest challenges for many divorced co-parents who are sharing custody of their children is maintaining a positive attitude about your kids' time with their other parent. However, that's crucial to helping them adjust to spending time with the parents separately and across two homes. No matter how you feel about your co-parent, it's essential to your children's well-being to encourage a good relationship with them.
Whether you waited until your children were grown to divorce or you've been co-parenting with your ex-spouse for many years, parents often believe that adult children aren't seriously impacted by their parents' divorce. You may not even consider yourselves "co-parents" any longer.
Tax time is always a stressful time of year, no matter what else is going on in your life. It can become overwhelming if you are going through a divorce at the same time. You have a lot of factors to consider right now. Apart from all the emotional and procedural aspects of ending your marriage, you need to think about how it impacts your tax filing and return.
When you've come to the decision to end your marriage (or perhaps your spouse has made that decision for both of you), it's only natural to feel stressed out and emotionally fragile. Likely, the last thing you want to do is start combing through file cabinets, drawers and online folders for documents. However, it's essential to start getting documentation of your marital assets and debts organized to bring to your attorney.