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Will money troubles lead to property division in Georgia?

For many Georgia couples, the primary item of contention within their marriage involves differences in the way that each spouse approaches finances. Researchers who focus on marital strife and divorce assert that money is the number one causal factor in the decision to end a marriage. When spouses cannot agree on a financial path, difficulties are sure to follow, many of which erode the relationship and weaken the bond between husband and wife. The end result could be the ultimate financial debate -- property division.

Spouses who have different opinions on how to spend and save are often in for a long and difficult road ahead. Because money is necessary for survival, it can easily become the most contentious part of married life. A 'spender' who is constantly draining the family's bank account will cause his or her 'saver' spouse a great deal of stress. Conversely, a penny-pinching spouse can be perceived by a more freewheeling partner as a killjoy, which can also lead to marital strife.

As with most relationship issues, the key to avoiding undue conflict over money involves open and honest conversation. It is important to determine which party's approach toward money early in the relationship, and to determine if there is a measure of compromise that can satisfy both individuals. The discussions should include income, savings goals, credit histories and exiting levels of debt. While these may not be the most romantic of subjects, research suggests that couples who cannot agree on financial matters are far more likely to divorce than those who share a similar philosophy on money.

When discussing money matters, it is important to enter into the talks with an understanding of how much one is willing to compromise in order to make the relationship work. In addition, this is a perfect opportunity to discuss whether a prenuptial agreement is needed. When Georgia couples enter into marriage fully informed and with a clear understanding of the financial expectations of their partner, the chances of divorce based on financial arguments can be greatly reduced, along with the need for property division negotiations.

Source: wibw.com, "KSU Professor Talks Top Predictor For Divorce, Gives Advice," Lindsey Rogers, July 26, 2013

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