With the holiday season behind us and the New Year in full swing, many family law firms throughout the state of Florida and the rest of the nation are now dealing with a massive influx in the number of couples filing for divorce. January has historically been known to be one of the most popular times of year for couples to call it quits, and as such, has been nicknamed “Divorce Month” in various legal circles. But why is this the case?
Divorces typically tend to spike in January for the following reasons:
- A difficult holiday season: It is not uncommon for couples to view the holidays as a last-ditch effort to repair their marriages and make things work. Unfortunately, this rarely ends up working. Being in close proximity to your spouse during the holidays while tensions are high can make the season truly miserable, especially if it involves maintaining the appearance of a happy relationship in front of children, family, and friends. Conversely, for couples who have already chosen to split, many choose to wait until January to break the news in order to allow their children to enjoy the holidays without stress.
- Tax reasons: A person’s marital status on December 31st will dictate whether or not they will file their taxes jointly or separately the following year. Due to a generally positive economic uptick in recent years, many couples will choose to wait until January to take advantage of these tax advantages.
- Bonuses: Couples may also choose to wait to file for divorce for financial reasons, as bonuses and other deferred compensation may not be issued until late December or Early January. Filing for divorce before these bonuses are received could cause them to be considered separate property and belong solely to the earning spouse rather than marital income.
Divorcing? Get Pazos Law Group on Your Side
Regardless of when you choose to file, if you and your spouse have come to the conclusion that it is time to part ways, it is important you consult with a knowledgeable lawyer to guard your interests and determine the most appropriate course of action. At Pazos Law Group, our South Florida divorce attorneys have helped hundreds of couples sort through the complexities of divorce and can provide the trusted guidance you need to pursue a smooth resolution.
Find out why so many clients love us by calling our office today at (954) 719-5557.