Divorce Issues Can Linger Long After the Final Decree Is Signed
January is often referred to as “Divorce Month” by some relationship professionals, while others think a more accurate description would be the month in which people start researching their options. In either case, there seems to be an increase in divorce activity, whether it’s initial inquiries or actual filings, at the start of a new year. In fact, the first Monday of the month sees an increase in divorce filings, which continues throughout the month.(1)
The reasons behind this phenomenon range from the emotional to the practical. The holiday season plays a big role in the decision making process for many couples. People postpone taking action because they don’t want to:
- be alone for the holidays;
- break up the family during what should be a happy time; or
- appear cold and heartless for leaving their spouse during the holiday.
For others January is synonymous with a new start; it is a time for doing away with the old and starting something new.
Tax and financial issues pose more practical reasons why people wait until January to begin taking action towards their divorce. Because if they are legally married for even a short-time in the year, some couples can reap the benefits of filing joint tax returns. Also, some companies distribute employee bonuses in January and these bonuses can be claimed as assets by a spouse, possibly increasing the amount of a distribution his or her partner is entitled to. (2)
Divorce is not an overnight process as most people realize. The time from which a person begins to entertain the possibility of divorce, until he or she begins to do serious research and ultimately files for divorce can take months. In fact, research shows that while divorce activity seems to spike in January, it peaks in March.(1) Once the petition for divorce is filed, getting a court date and negotiating a settlement takes more time. Continue reading ›