Gray divorces are becoming far more common in Georgia and around the country even though the overall divorce rate remains fairly stable. In 1990, only one in 10 divorces involved spouses over the age of 50. That figure has now risen to one in four. This trend has experts in some quarters worried as the emotional fallout from a gray divorce can be extremely hard and the financial consequences are often dire.
Georgia business owners can use a prenuptial agreement to protect their company in case of divorce. The prenup can specify how the business will be valued and what the other future spouse is entitled to.
Georgia parents who are divorcing know the stress the process can cause. It can be taxing in any number of ways. It can also be hard on their kids. The effects of their parents divorcing can be severe on the children, and it can impact them intio adulthood. Studies have shown that children of divorce are at an increased risk of forming negative relationships or being overweight. There are steps divorcing parents can take, though, to minimize the negative consequences for their kids.
There are several steps that individuals in Georgia can take to protect their savings in the event of a divorce. First, it can be a good idea to create a budget that will take into account housing, health care and other expenses a person will need to pay on his or her own. It is fine to use rough estimates until exact figures become available. Creating a budget can help a person determine whether it is necessary to cut expenses or increase retirement contributions.
For some divorced Georgia parents, co-parenting a teenager can present some challenges. Some parents may assume that the teen is mature enough to need less hands-on parenting. While teens do need to be treated differently from younger children, it is still important for parents to remain involved.
When Georgia couples are going through a divorce, they have many issues to negotiate. Often, as a result, concerns about insurance policies are forgotten. However, health and life insurance policies are two types of insurance that should be addressed during the split. Being informed about the way divorce can affect coverage and planning for these changes can make the transition into life post-divorce easier.
Over the years, more women in Georgia have developed active, flourishing careers. Many people who enter a marriage expect that both spouses will contribute financially to maintaining the household. However, some studies indicate that couples in which the wife earns more than her husband are one-third more likely to divorce. There are a number of factors that could lead to this outcome. Some are common to all partnerships with a significant financial imbalance while others may have more to do with the social messages that people receive about income and gender. This kind of social pressure can still persist despite significant social changes.
When Georgia couples get divorced, they are supposed to divide property equitably. This could mean that the contributions of each spouse will be considered when a court decides how to divide property. It can be difficult to determine these contributions if one partner was a stay-at-home parent.
Georgia parents who get a divorce may run into some conflict when tax time arrives if they have not agreed on who will claim the child as a dependent on their taxes. If both parents claim their child, the IRS accepts the claim on the first return received.
Many people in Georgia enjoy social media platforms such as Twitter, Facebook and Instagram. However, spouses should understand that these online entities have proven to be a fertile source of evidence in divorce cases. For the most part, content placed on social media is available to everyone in the world. When disputes arise between divorcing spouses about child custody, assets, income or character, courts could accept evidence collected legally from social media platforms.