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Financial status and the likelihood of divorce

Ohio couples may be interested to know that based on the results of a survey of more than 2,000 adults, the primary cause of relationship stress is money. Thirty-five percent of the respondents identified finances as the main cause of contention with their significant other.

Couples who have the same ideas about finances have a higher likelihood of a successful relationship. However, relationships that are more than likely to end before the end of the first five years are those in which there is an increasing disparity between the credit scores of the two parties.

People who have the highest credit scores have a higher chance of an enduring and committed relationship. While the results of the survey also indicated that the likelihood of the relationship ending after the first few years dropped the higher the credit score and the better the financial status of the individual, couples with wealth do not automatically fare better.

There are couples who have significant amounts of money but also high monthly expenses, which puts them in a tenuous financial situation. According to one attorney who practices matrimonial and family law, it is not unusual for people to have an income in excess of $1 million and no funds in their 401(k).

Couples who have a high net worth of at a least a few million dollars make themselves susceptible to greater mismatches regarding financial issues. In many situations, one party is earning a very high income, and the other party is not working. In these cases, the economic gap can be an issue.

A divorce attorney may work to protect the rights and interests of clients while pursuing favorable settlement terms regarding the division of assets. Litigation may be used to ensure that clients receive the financial resources to which they may be entitled.

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Kelly Law Office, LLC
136 West Mound Street
Columbus, OH 43215

Phone: 614-556-4280
Phone: 614-556-4280
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