Posts tagged "Divorce"

Age, infidelity and a hostile family can all be divorce factors

Married Georgia residents or those considering getting married should review the top reasons why people get divorced. Knowing what might lead your marriage to the divorce route might also provide clues about what to avoid and what to work on. While some of the reasons are not surprising, such as financial issues, others might be more unexpected.

How to pay for college after a divorce

As many citizens of Georgia know, going through a divorce can put a financial strain on any family, especially if the family has plans for the future education of their children. This is nowhere more apparent than when a divorce interferes with a parents' plan to send their children to college.

Wealthy couples and divorce

When wealthy couples in Georgia get a divorce, their process of property division may be far more complicated than that of most other couples. The divorce of Amazon founder Jeff Bezos from his wife MacKenzie is one example, although since Washington is a community property state and Georgia is not, there are some differences.

marrying out of your league

Citizens of Georgia may be surprised to learn that, for many married couples, beauty is more than just skin deep, especially if the male is married to someone who is more attractive than they are. In fact, experts believe that a large discrepancy in the degree of attractiveness between both partners can often lead to divorce.

Dealing with a business during a divorce

When people in Georgia who own businesses get a divorce, they might need to divide the companies. The first step is to get an accurate appraisal. In addition to looking at an enterprise's books, this process also involves accounting for such assets as equipment and real estate as well as intangible assets, like the company's name and reputation.

How to plan for the holidays after separation or divorce

Holidays can be a tough time for families in Georgia who are experiencing separation or divorce. Such emotions as sadness, anger and fear can feel overwhelming for parents and their children. However, parents must make an effort to control those emotions and ensure that their children still enjoy the holidays.

Cohabitation can cause some marriages to crumble

Couples in Georgia may feel the impact of the premarital cohabitation effect if they live together before marriage. While scientists had doubted that this effect still existed, research says that it still applies over long periods of time. However, researchers did acknowledge that there is a greater risk of divorce in the short-term for those who didn't live together prior to getting married. This is because they may have a greater adjustment to make as it relates to sharing a living space.

Cohabitation may make divorce more likely

According to the results of a study published in the Journal of Marriage and Family, couples who move in together prior to marrying are at a higher risk of divorce later. Georgia couples might want to be aware of the premarital cohabitation effect, which suggests that couples who live together before marriage have lower odds of divorce during the first year but increased odds of divorce every year after that.

Tax law changes could make divorce more costly

When anyone ends a marriage in Georgia, there are both figurative and literal costs involved. One especially noticeable change with the actual expenses related to untying the knot is with alimony and child support. This is because of a provision in the Tax Cuts and Jobs Act (TCJA) that will apply starting in 2019. In addition to lowering federal tax rates, the law also eliminates exemptions and many deductions, including those that previously applied to alimony and child support providers and recipients.

'Gray divorce' and retirement

Divorces for spouses who are at least 50 years old can be particularly devastating from a financial standpoint. Unfortunately, statistics show that more and more Georgia couples are dealing with "gray divorce." The Pew Research Center reports that the rate of divorce for adults who are age 50 or older is two times what it was in the 1990s. While shorter marriages and second marriages carry the most risk, the majority of gray divorces tend to take place among couples who have been married for at least 30 years.