When anyone ends a marriage in Georgia, there are both figurative and literal costs involved. One especially noticeable change with the actual expenses related to untying the knot is with alimony and child support. This is because of a provision in the Tax Cuts and...
Divorce
‘Gray divorce’ and retirement
Divorces for spouses who are at least 50 years old can be particularly devastating from a financial standpoint. Unfortunately, statistics show that more and more Georgia couples are dealing with "gray divorce." The Pew Research Center reports that the rate of divorce...
The rise in divorce among older adults
Georgia couples who are 50 years old and above may be at a higher risk of divorce than their parents or grandparents were at the same age. People age 65 and older are getting divorced at a rate that is three times higher than it was in 1990. For individuals 50 and...
Choosing a date to get married
Georgia couples who choose to get married may lean toward a "cutesy" or clever date for the ceremony. However, this might not necessarily be a good idea. In fact, a recent study says that cutesy dates can be quite disastrous when it comes to marriage. Few people go...
How tax reform will affect future divorces
Georgia couples planning a divorce have many issues to consider. They may need to determine who will get custody of the children, how the assets will be divided and whether alimony will be paid. For most couples, speaking with an attorney or even a judge is a...
Divorced friends could be bad for marriages
Georgia spouses who consider their marriage to be a stable one might want to be careful if they have friends who divorce. A recent scientific study came to the conclusion that divorce might be contagious.University researchers have found that someone who is married...
How to manage money after a divorce
Losing retirement assets can be the hardest part of a divorce for Georgia residents and others. While they can be divided in a variety of different ways, it can leave a person less financially secure than he or she was before the divorce. Overall, those who have gone...
How is debt responsibility apportioned in a divorce?
Making the decision to divorce in Georgia is never an easy one. Once the decision is made, arriving at a final settlement can be difficult and become contentious. This is particularly true where financial matters are concerned. These matters can add to the...
How IRAs can figure in alimony payments with the new tax law
The financial components of divorce may look a little different in Georgia starting in 2019. The alimony deduction is disappearing with the advent of a provision in the new tax law which will then be in effect. There is another option that may provide some tax...
Taming emotions in the face of a divorce
A Georgia divorce can be fraught with emotion. Tempers may be short, stress levels can be high and what may seem a trivial issue under normal circumstances can appear to be a fiasco under the lens of a divorce proceeding. This can be particularly true when trying to...