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July 2018 Archives

How bankruptcy can help with support payments

If a child support or alimony payment is considered to be a 'domestic support obligation," it cannot be discharged in bankruptcy. However, if it is deemed to be another type of marital property, it may be discharged in Chapter 7 or 13 bankruptcy. Furthermore, certain assets included in the property settlement portion of a divorce may be discharged in a Chapter 13 case.

Navigating divorce can be tricky for blended families

With high divorce rates, blended families are a reality. Second marriages, particularly those that involve children from a prior relationship, have an even higher rate of divorce. Some outlets report that the rate of failed marriages the second time around is 60 percent or higher. 

Divorce can be a time of financial surprises

The financial aspects of a divorce can come as a surprise for people in Georgia who come to the decision to end their marriages. The process can shine a harsh light on marital finances, and many people may discover things of which they were previously unaware. In one study of 1,785 divorced or divorcing women, 46 percent of respondents said that they faced some type of financial shock during the process.

Considerations for those going through a divorce

While most Georgia residents do not actively plan for divorce, it may not be a bad idea. Each year, 2 million divorces occur in the United States, and the divorce rate in the country is about 50 percent. Prior to filing for divorce, an individual should research local and state laws that govern the process. Furthermore, a person should determine whether getting divorced in truly in his or her best interests.

Can I get an annulment instead of a divorce?

Instead of a divorce, some people would rather have their marriages annulled. While divorce ends a marriage, annulment treats the marriage as though it never even happened. After an annulment, there are no enduring ties between the two people -- no permanent alimony payments, no divorce terms, nothing. Legally speaking, you've turned back time. However, receiving an annulment is quite rare in Georgia, and only certain couples qualify.

Changing insurance beneficiaries after divorce

When couples in Georgia divorce, strong emotions and lifestyle upheaval can result in some important legal tasks being overlooked. While divorce settlements typically address every area of a couple's shared life, including finances, loose ends can sometimes complicate the lives of former spouses and family members long after a divorce is finalized.

3 mistakes to avoid after parting ways with a spouse

As a novel divorcee, you're bound to make mistakes. With such a significant lifestyle change, you will need to learn how to adapt and navigate everyday obstacles to do so. Some challenges that you will encounter are foreseeable, such as needing to modify your finances. However, you should begin brainstorming a plan to overcome the unexpected challenges.

Dealing with unexpected restrictions during divorce

When people in Georgia are going through a divorce, they can face unexpected hurdles, especially when they have significant financial assets to deal with. Many people expect that the financial changes that take place with divorce will happen quickly, but some can take a longer period of time. For example, if one spouse provides health insurance for the other, that policy will need to remain intact until the divorce is finalized. This is true even if the policy is maintained privately as may be the case when one spouse is in private practice as a doctor, dentist or lawyer.

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Hecht Family Law
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Alpharetta, GA 30004

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