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divorce Archives

Navigating the holidays as divorced parents

Oklahoma residents who are going through or have gone through a divorce should consider how to parent during the holidays. Holidays come with extra struggles for separated or divorced families who have to juggle custody of their children. Since this can produce dilemmas wrought with feelings for both parents and children, it may help to approach the holidays with a plan already in place.

FIVE WAYS To INCREASE Your Chances of Winning A Custody Battle

No matter which way you slice it, divorce is hard. There is rarely a circumstance or situation where divorce comes without its difficulties-- either financially, emotionally or mentally. The situation grows even grimmer when minor children are involved in the process. It's difficult enough to divide assets and separate what once were the inner workings of an intimate life. But to also be faced with dividing time with children can become an entire battle of its own.

Scope and limitations of prenuptial agreements

Prenuptial agreements entered the public consciousness in Oklahoma as a legal tool for the wealthy, but they have benefits to offer people of any socioeconomic status. Prenuptial agreements allow people to outline the terms of property division in the event of a divorce, but they can specify other obligations. Their reach is not unlimited, however, and these agreements are not immune to legal challenges.

Should You Be Getting Divorced Quickly?

Rarely would we recommend speeding up the process of divorce. In the vast majority of cases, Henry + Dow wants to encourage married couples to contemplate if divorce is the right decision for their circumstances. Given all the difficulties that come with divorce, we want to ensure that choosing divorce is the best choice for a couple.

Grandparents Rights: How Can I Secure Visitation?

Grandparents make up an integral part of the family unit, especially for grandchildren. When a family is going through a divorce however, it can be especially tricky for grandparents to secure visitation rights that give them access to a continued relationship with their grandchildren. The laws for grandparents rights vary by state, but in Oklahoma certain requirements need to be met in order to grant rights to grandparents for visitation.

People are divorcing more later in life

Divorce rates are on the decline, generally, in Oklahoma and across the country, but people over the age of 50 are getting divorced twice as often as they were in 1990. The trend has been referred to as gray divorce; people are more often divorcing later in life. For people aged 65 or older, the rate of divorce has tripled since 1990.

Tax considerations to keep in mind during divorce

There are a number of tax considerations people in Oklahoma who are getting a divorce should keep in mind including those associated with the tax reform bill. One of the major changes is that starting in 2019, alimony will no longer be taxable for the recipient or tax-deductible for the payer.

Property division and retirement funds during divorce

Oklahoma couples who decide to divorce often face long-term financial consequences that far outstrip the emotional and practical changes that accompany a separation. One of the most significant changes that can come with the end of a marriage is the division of retirement funds that have been accumulated over years. The aftermath of divorce can leave both partners with significantly fewer assets, especially as it costs more to fund two single retirements than one as a married couple. As a result, many people work intensively to save and rebuild their retirement accounts after divorce. Unfortunately, this is often hindered by the complexities created by mandatory caps on annual contributions to qualified retirement plans.

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