Most people in Ohio know about Amazon and there is a good chance they have used it to purchase various items. Many may have also heard that the owner of the company, Jeff Bezos, and his wife were going through a divorce. That divorce appears to now be finalized as the couple filed a joint petition for divorce. The parties were able to reach agreements on all issues regarding the property division, child custody, child support and spousal support, which neither will receive.
When people in Ohio decide to divorce, there are many factors that go into the decision and it is not one that is taken lightly. However, after the decision is made to initiate a divorce, there are many more very important decisions that need to be made as the couple separates their lives. These decisions include determining which parent will have custody of the children, how much child support one parent may pay, divide all their assets and property and also determine whether one spouse will receive spousal support from the other.
For some people who are experiencing relationship problems with their spouse, divorce is probably the last option they think about. Many couples spend years trying to work out their issues before they finally decide that the best path forward for everyone involved is to pursue a divorce. But, what will a divorce accomplish for Ohio residents?
For years, many lamented the rising number of divorces that ended marriages in America, to the point where most people believed it was "common knowledge" that half of all marriages would end in a divorce. However, that common refrain may not be as accurate as it might have been in years past.
If you are going through a divorce, estate planning may be the last thing on your mind. However, you should not neglect your estate-planning documents during this time of upheaval. Revising your estate plan during or after your divorce is a crucial step that many people neglect.