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Divorce Archives

Understanding how a divorce may impact retirement in Georgia

Many individuals in Georgia and elsewhere spend numerous years saving and planning for the golden years. However, despite one's efforts, it can be difficult, if not impossible, to plan for every potential change in life. When facing the end of a marriage, one may have concerns about how the outcome of a divorce might affect his or her plans for retirement.

Making smart alimony decisions during and after divorce

Ending a marriage creates the need to sit down and rethink one's entire financial plan. Divorce will reshape the financial landscape for virtually all Georgia spouses, and it is important to create a post-divorce budget that will address both short-term and long-term needs. Understanding the role that alimony plays in post-divorce finances is an important component of that process.

How business value is determined during a divorce

Starting a business is a goal that many Georgia residents share. In order to be successful, a great deal of time, effort and investment is required. For successful business owners, the thought of losing business assets during a divorce leads to an enormous amount of stress. Understanding how a business is valued during the divorce process can make it easier for both spouses to move forward.

Protecting business assets from loss during divorce

Owning and operating a successful business is a lifetime goal of many Georgia residents. Once a business is up and running, the goal shifts to preserving that success, and growing the business as time passes. For many spouses, protecting business assets from loss in the event of a divorce is a priority; others do not think about these matters until the need arises, which is often too late. The best time to shield business assets from property division losses is prior to walking down the aisle.

Planning for the future in Georgia property division

With divorce comes the division of assets, debts and property. If there are children involved, then child custody arrangements have to be worked through as well. When two parties begin this process, it is crucial for them to carefully plan and take into account all of these factors. Georgia family lawyers can provide guidance for clients as they determine property division, alimony and possible child custody arrangements.

Prenuptial agreements benefit marriage and divorce in Georgia

More and more people are choosing to wait and get married later in life. With the high divorce rate throughout the country, these couples are also making the practical choice to create a prenuptial agreement prior to the marriage. Whether one is approaching marriage or has been married for years, family law professionals in Georgia can assist them in creating pre- or post-nuptial agreements.

Being prepared for the financial aspects of Georgia divorce

Keeping track of one’s finances and assets is an important responsibility in any relationship. This is especially true if one’s marriage is on the verge of separation or divorce, or in the midst of this process. As individuals work through a divorce, Georgia family law professionals can provide guidance and assistance throughout the process of figuring out property division, child custody and other aspects of divorce.

Understanding the financial implications of Georgia divorce

Divorce can have a major impact on the finances of the separating parties. Most divorcing spouses understand that the process itself can be expensive, and then there is child support, alimony and other expenses related to divorce that have to be taken into account. One's tax situation is another thing of which those individuals going through divorce should be aware. Georgia parties working through this process can seek the aid of family lawyers who can provide guidance along the way.

Divorce in Georgia does not have to break one's business

Some couples that get married are also business partners. Whether the business is just getting started or well established, it is wise for the two parties to create a prenuptial agreement and/or a buy-sell agreement prior to the marriage. Either of these can protect the business in the case of a divorce. However, many couples do not create this agreement before their wedding, and a postnuptial agreement could accomplish the same result for married couples. Family lawyers in Georgia can assist these parties in protecting a business should a divorce occur subsequently.

When to divorce in Georgia

January has come to be known as the divorce month for many families as spouses make the choice to separate after the beginning of a new year. There are numerous reasons that may lead to this decision, including stress, a fresh start and unhappiness. Regardless of the reason, those interested in obtaining a divorce in Georgia have a wide variety of resources at their disposal.

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