Statistics show that January is the most popular month of the year for divorce. The first Monday of the year is often considered “Divorce Monday.” Many claim that couples hope that the joy and happiness of the holidays is enough to salvage their marriage, and when that does not work, they proceed with divorce proceedings. The holidays are also one of the most hectic and stressful times of the year. Adding a divorce to the mix is just too much for some, so they choose to delay it another month.
Moreover, many couples wait until after the holidays to tell their children about the divorce because they want to give them one last holiday as a family. Still, others simply see the beginning of a new year as the time for a fresh start – even if that means ending their marriage. Whatever the reason may be, there are some things to consider when filing for divorce in January.
The Pros and Cons of Filing for Divorce in January
It is important to consider in Maryland when the settlement of the issues or the divorce judgment will be finalized. In Maryland, all assets acquired during the marriage are equitably divided. Concluding the divorce before the end of the year affects tax filing status, and such issues as whether the end of year bonus from employment is a marital asset or not. Having the counsel of an experienced divorce lawyer and a financial planner are recommended when you choose to file for divorce.
Starting the New Year by leaving behind a bad marriage may seem like a great idea, but it is important to make sure you are prepared well before you actually file. There are several crucial steps you need to take before beginning the divorce process. Gather and organize all of your financial paperwork. Review your credit and open a bank account of your own. As the year winds down, put away the money needed to pay for the divorce. Finally, research and meet with a skilled Towson divorce lawyer as the New Year begins.
Towson Divorce Lawyers at Huesman, Jones & Miles, LLC Protect Clients Going Through a Divorce
Divorce is never easy. Both emotionally and financially, the process can be overwhelming. Towson Divorce Lawyers at Huesman, Jones & Miles, LLC treat their clients facing divorce in Maryland with compassion. We help to achieve the best resolution for you and your children. Call us at 443-589-0150 or complete our online contact form to begin. We serve clients throughout Maryland including Baltimore County, Carroll County, Harford County, and Howard County, and the towns of Baltimore, Towson, Essex, Columbia, Pikesville, and Bel Air.