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January is divorce month

In North Carolina, many individuals in troubled marriages make the decision to finally end things after the New Year. It has become so common for people across the nation to divorce during this time that January is called divorce month. There are a number of unsurprising reasons for people to pick this time to dissolve their marriage, the most obvious being that a new year represents a new start, and many New Year's resolutions include moving on from a bad relationship.

Along with wanting a fresh start, many people postpone getting a divorce until after the holidays have ended, especially if they have children. Few individuals want to mar what is supposed to be a happy and celebratory time with the shadow of a looming divorce. Those with children will especially want to avoid making this time of the year something their kids will associate with negative feelings.

Another reason that many pick January the time to file for divorce is because it helps keep finances separate and less confusing. Taxes and asset division are less murky when a filing is done right after a year ends, and year end bonuses can also be included as part of marital property that is split. Further, since many divorces take less than 12 months to finalize, people may be able to change their filing status for the next year.

Going through a divorce often involves dealing with a number of financial choices, many of which are complicated and can have long-term consequences. Someone going through a divorce may benefit from speaking with a family law attorney who could describe the available alternatives and provide advice as to the best way to proceed.

Source: The Huffington Post, "Three Reasons Why January May Be the Best Time to File for Divorce", Bari Zell Weinberger, December 11, 2013

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