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Divorce impacts money, children, living arrangements

Going through a divorce is one of the most stressful events a person can experience in his or her life. For people who are approaching or considering divorce in Michigan, it's important to try to minimize the stress of the process as much as possible, which means focusing on emotional, mental and financial health. Among the biggest concerns for people facing divorce are money, children and where to live following the divorce process.

Why more couples are choosing prenups

When people in Michigan get married, they may consider a prenuptial agreement. In the past, many people thought of prenups as a form of legal protection for celebrities or those with substantial generational wealth. However, people are choosing to marry after they have already developed their careers, launched businesses and invested in real estate, and many people marry others equally accomplished as themselves. As a result, a prenuptial agreement can be a wise choice for people of all financial means planning to marry.

Navigating co-parenting in a high-conflict divorce

When parents in Michigan decide to divorce, the next step is often moving to co-parenting. In a high-conflict situation, this can be a deeply problematic transition. Children often have strong emotional needs after the divorce, and absent a context of abuse or neglect, kids tend to benefit from a relationship with both parents. In a custody case, the primary consideration is the child's best interests, not the relationship between the parents. However, navigating a co-parenting relationship can be highly challenging, especially if one partner is manipulative, selfish or narcissistic.

Managing finances when going through the divorce process

In addition to the emotional stress that Michigan couples face as they go through a divorce, they are likely to face some financial problems. However, there are steps that individuals can take to help them to better understand and maintain control of their finances and investments during this difficult process.

Finances can drive some happy couples to divorce

Some people in Michigan may think of strategic divorce as primarily an option for ultra-wealthy couples. At the highest tax bracket of 37%, two high earners may end up paying more in taxes as a married couple than they would as single wealthy individuals. Some have speculated that more couples may choose to divorce if tax reforms are implemented that raise the tax burden imposed on the wealthiest individuals and couples across the country. In practice, though, the tax savings realized through a divorce are usually far smaller than the costs associated with a divorce itself, and most people involved are too wealthy to be concerned about the relatively small tax difference.

Reviewing COBRA coverage requirements

Most in Clinton Township do not need to be told that healthcare can be costly. Fortunately, many are able to shoulder the burden of those costs thanks to the financial assistance offered through their insurance providers. According to information shared by the U.S. Census Bureau, over 67 percent of those who carry health insurance in American are covered by private plans. Of those beneficiaries, 56 percent obtain their coverage through their employers. What happens, then, when a couple divorces and one spouse is no longer directly associated with the sponsoring organization?

How can I deal with depression after a divorce?

Getting a divorce takes a toll on your entire life. Along with affecting your finances and your personal relationships, it can also cause issues with depression. While this is a common occurrence, it can be difficult to deal with in the wake of the dissolution of your marriage. To help you along, Healthline recommends the following advice. 

Divorce and the fear of living alone

For some people, the decision to bring a marriage to an end can be challenging because of fears about living alone. People may have many reasons for feeling this way, whether they had a very bad experience when they were younger, or they have lived with their marital partner for so long that they do not know how they will adjust to life on their own. If you are going through these challenges, it is important to review your options and take steps to prepare yourself for what lies ahead.

How can I co-parent with a narcissist?

Co-parenting with a former partner is rarely easy. This is especially true when you suspect your ex may be exhibiting signs of narcissistic personality disorder, which is a condition that causes much stress and strife within families. You can learn to cope with your ex's behavior, however, which will also enable you to provide coping tools to your kids if your ex plays a significant role in their lives. 

Lorrie J. Zahodnic

"I will hold you up until you can stand on your own two feet."

Lorrie J. Zahodnic, P.C. has provided skilled and compassionate legal guidance to Michiganders in family law matters for over 20 years.

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