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Posts tagged "Divorce"

Property division can be a costly undertaking

In Georgia and elsewhere, divorce proceedings can be contentious. This can be especially true when it comes to the division of property and assets. The more property and assets that are involved, the more complicated property division can become. Take, for example, the recent story of the divorcing couple who jointly owned an original Picasso.

Finances and divorce after 50

The rates at which couples dissolve their marriages in the United States have been on the decline in recent years. However, there is one age group for whom this does not hold true. For those over 50, the divorce rate has doubled since the 1990s. Though it clearly impacts both men and women in Georgia, one area affecting women more than men, particularly women over 50, is the area of finances.

Alimony, divorce and the new tax law

While many locations have seen a drop in the divorce rate recently, 2018 may prove to be the exception. With the changes to alimony created by the new tax law, people who may be contemplating a divorce in Georgia may decide to follow through with the idea. The new law changes how alimony is treated for tax purposes.

Divorce, alimony and the new tax law in Georgia

Divorce is not easy and is seldom entered into lightly. There are many issues that must be considered, including property division, child custody if there are children involved and financial matters. Under the new tax law, the financial issues in Georgia divorce proceedings may become more complex, in particular where alimony is concerned.

How can splitting a business affect alimony?

Many Georgia residents are proud business owners. When their marriages fail, their companies are often considered their most valuable marital assets. How their companies -- or at least the value of their companies -- are split can affect other areas of their divorces, such as alimony payments.

Blige ex demanding more spousal support in stressful divorce

No two divorces are ever the same. While the typical divorcing couple in Georgia may not relate to the same level of assets and spousal support that singer Mary J. Blige is currently dealing with, most will likely understand a similar stress that is often involved in the process. Though Blige originally filed for divorce from her husband back in July 2016, she is still trying to manage his demands.

When it comes to property division in Georgia, you own it or not

There are only nine states in the nation that continue to govern marital property in divorce issues through community property regulations. Most other states, including Georgia, operate under equitable property division laws. In short, the court in this state considers each existing asset as owned by one spouse or the other.

Considering one's options concerning the family home in divorce

Many individuals in Georgia and elsewhere place a great deal of importance on protecting their financial futures when facing the end of a marriage. Prior to entering divorce proceedings, each spouse may have different opinions concerning what is important to the future. However, the family home is a major concern for many individuals, prompting some to seek guidance on how best to handle this particular asset.

Considering the impact of marital debts following divorce

It can be difficult to prepare for certain changes in life, such as the end of a marriage. When facing divorce, individuals in Georgia and elsewhere may wish to prepare for what comes next by focusing on certain aspects of the process, such as the division of property. However, there may be other factors that could also have a substantial impact on the outcome of a divorce, such as the presence of marital debts.

Safeguarding one's financial future throughout divorce in Georgia

When facing the end of a marriage, one may have concerns about how the process may affect his or her financial future. Individuals in Georgia who consider this area of life to be of the utmost importance may wish to safeguard it throughout divorce, but they might be uncertain how to achieve this goal. Since the outcome of a divorce will inherently have an impact on one's life, a person might find it beneficial to take steps to prepare for the financial side of the process.

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