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Divorce does not have to be so hard on children

When parents divorce or separate in Georgia the impact on children can be devastating. It is widely believed that both parents being involved in their child's life promotes the best long-term outcome. This can sometimes be difficult to achieve in a contentious divorce situation. While either parent can be impacted, mothers are often the custodial parent and fathers sometimes struggle to maintain a meaningful relationship with a child.

Credit scores deserve attention during the divorce process

Credit scores carry ever more weight in American society. They are used for everything from buying a house, applying for a loan or a credit card, and even for getting a job in Georgia. Maintaining a good credit score is therefore critical in today's society, but it is often disregarded in the process of a divorce.

Co-parenting can help children following a divorce

Breaking up a family in Georgia is seldom easy, but it can be significantly more complicated when there are children involved. It is widely held that the continued involvement of both parents in the lives of their children is the most beneficial for the health and well-being of the children. Following a divorce, many parents opt to co-parent.

Tax implications should be considered in divorce

While the number of marriages dissolutions is declining, the rate is actually increasing for older people in Georgia. With the end of 2018 quickly approaching, aspects of the new tax law will soon go into effect. This can have a significant impact on anyone deciding to divorce in 2019 and beyond.

Property division is complex in divorce later in life

Many people facing the end of their marriages have minor children and are concerned for their children's security and support. The divorce rate is actually on the decrease for younger people, but it is seeing an increase in couples 50 and older in Georgia. Rather than being concerned about security for their children, older parties are typically more focused more on their own security in retirement, and so they tend to focus more on property division in settlement negotiations.

The impact of the Tax Cuts and Jobs Act on divorce in 2019

Ending a marriage can be an expensive undertaking in Georgia. Certain provisions of the Tax Cuts and Jobs Act that go into effect on Jan. 1, 2019 may cause it to be even more expensive. The tax implications of the new laws regarding spousal maintenance can have a negative impact on the financial side of divorce.

Spousal support tax law about to change

The year is rapidly drawing to a close, and as it ends, so does a tax deduction that has been used in divorce settlements. Spousal support is an amount granted to the lower-earning partner in a divorce settlement in Georgia. Until Jan. 1, 2019, that amount is tax deductible to the person paying it.

2019 will bring changes to tax implications of divorce

The year 2018 is drawing to a close. With the new year will come new tax laws that will affect a divorce in Georgia. While the decision to end a marriage is seldom taken lightly, once it is made, familiarity with the new tax regulations may help facilitate an agreement.

Divorce among older couples

Much is being said about the baby boomer generation in Georgia these days. They're reaching retirement age in large numbers. They are also contributing to a phenomenon becoming known as gray divorce. This is the trend of older couples to divorce. While divorce among younger couples is decreasing, divorce for those over 50 has doubled since 1990.

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