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April 2018 Archives

How to a value a business in a divorce case

Divorce can be difficult no matter the specifics of a given case. However, for those who own businesses in Georgia and elsewhere, the end of a marriage can be especially complicated. First, it will be necessary to determine how much the business is actually worth. This can be done by having an appraiser or other valuation experts take a hard look at the company's financial records.

Different methods for child visitation

Child visitation schedules are more flexible than many Georgia residents might realize. Parenting schedules are necessary when one parent is the primary caregiver and the other has visitation rights. A popular option in this situation is an alternating weekend routine where children reside with the noncustodial parent every other weekend.

More men than women handle marital investments

The divorce rate is higher for older adults than it was in the 1990s, and when older couples in Georgia get a divorce, one spouse might not be familiar with the marital finances. In a survey by UBS Global Wealth Management of 2,500 couples and over 600 women who were divorced or widowed with at least $250,000 for investing, more than half of the women said financial planning and major investment decisions were made by their spouse.

Financial preparation can ease divorce process

When Georgia couples are considering a divorce, there are a number of things that may need to be taken care of. Especially after a long-time marriage, the thought of disentangling from one another can raise a host of practical concerns aside from the emotional impact of the end of a marriage. There are some financial housekeeping measures that spouses can take that can help them be prepared to take their next steps towards independence.

Planning for single finances during a divorce

People in Georgia who divorce face a major impact on their finances. Finances are often the most contentious issues in a divorce. Because many married couples have a deeply intertwined financial life, separating all of their debts and assets can be complex. In addition, it is not uncommon for people to feel as if they are being stripped of hard-earned money and property.

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Hecht Family Law
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