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Posts tagged "Divorce"

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.

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.

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