When Bitcoin hit the scene in 2009, few Oregon residents understood how big of a deal cryptocurrencies were going to be. It is likely that none realized the impact cryptocurrencies would have in future divorce settlements. Currently, a number of family law attorneys as well as divorcing individuals are finding it challenging to find, place a value on and fairly divide cryptocurrencies.
How to plan for a divorce may be the last things some married couples in Oregon think they have to consider. However, the rate of divorce in the United States is almost at 50 percent. This means that nearly 2 million divorces occur each year. Understanding the divorce process is important as it can lower stress and make the process easier to handle. It is important to know what steps to take before, during and after filing for divorce.
One of the most common reasons for divorce in Oregon and the rest of the country is illness. According to one chief psychologist and marriage counselor, health problems can cause a number of issues in a marriage, including debt, loss of self and pain.
Oregon couples who are contemplating divorce might be able to take some lessons from the high-profile divorce case of Jeff and MacKenzie Bezos, one of the highest net worth divorces in history. High net worth divorces are more complex than others, so there are steps that should be taken by the couple to ensure that the process goes smoothly. Because high net worth individuals often have several different types of assets, divorce can be very complicated.
After a divorce, one of the most difficult issues to resolve is the disposition of the family home. The simplest and most equitable resolution is usually for the home to be sold with both parties sharing equally in the proceeds. Sometimes couples mutually agree to sell the home, but often the court orders the couple to do so. Other couples delay the sale of the home, either as part of a mutually-agreed upon plan or because the animosity between the couple is too high immediately after the divorce.
Among the significant financial issues that can come up in Oregon divorces is spousal support, also called alimony. These are support payments one spouse gives to the other in the wake of a split. Today, we’ll discuss some of the basics of spousal support here in Oregon.