When Ohio parents are going through a divorce, one of the most important things they will need to determine is how they will handle child support. In some cases, the parent who is responsible for paying child support may feel as though the other parent is getting a free paycheck, but the reality is that children are expensive; those expenses range from food, clothing and shelter to activities and school supplies.
It has been widely reported in Ohio and around the country that many people are financially unprepared for retirement, but figures from the Center for Retirement Research reveal that divorced individuals are in an even more precarious position. The CRR developed a retirement risk index in 2006 to find out how many households will be able to maintain their standards of living during retirement, and they discovered that the risk factor for divorced spouses was 7 percent higher than the population as a whole.
Planning for a child's college education can seem difficult and out of reach for Ohio parents, a problem that can be magnified in the case of divorce. University fees rise each year; in fact, the College Board estimates that the cost of attending college rises annually by 3 percent, an amount that can make a significant difference when dealing with tens of thousands of dollars in tuition and fees. While parents may work to develop a plan for their child's education, it is very rare for such a plan to include contingencies in the case of divorce.
The Ohio family courts talk about shared parenting instead of joint custody when it comes to children of divorced families. Parents are encouraged to work out an agreeable custody arrangement that works for the children and adults in their particular situation, instead of leaving it up to the court. The ideal plan is to work out an arrangement that meets the best interests of the child. Even if you cannot stay married to your child's parent, it is beneficial for your child to see his or her parents working together to co-parent. Here are some tips to use to help you create a co-parenting plan:
The decision to divorce is a serious one, hopefully made with careful consideration for all parties involved, especially the children. According to Scientific America, about 1.5 million children in the United States are affected by divorce. Fortunately, the vast majority of these children do recover with time, love and support. Research finds that while children of divorce generally do well, they do even better when parents minimize their kids' exposure to the conflict of divorce. While you can't keep children from knowing about the upcoming separation, you can help them understand what is happening.