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divorce Archives

Why couples may want to consider a prenuptial agreement

Prenups are not just for the very wealthy or celebrities. Many couples in Georgia who are not rich or famous might benefit from a prenuptial agreement. With a prenup, a couple can make an agreement about the assets they are bringing into the marriage, how they will divide assets they accumulate during the marriage and whether one partner will pay support to the other in case of divorce.

Handling a divorce after a job loss

When one spouse loses a job during divorce proceedings in Georgia, financial decisions can become very complicated. The first thing the court will want to know is the cause of the job loss. Spouses who lose their job due to layoffs, meaning they are not at fault, will likely be treated favorably by the court. Spouses who get fired for negligence or incompetence may not get any relief in financial responsibilities from the court.

Divorce and insurance

Georgia residents who get a divorce should expect the process to be stressful and should prepare to deal with a range of practical, financial and emotional issues. However, it is important that they make sure to not disregard how important it is to keep their insurance in order and make any necessary coverage changes.

Stay-at-home parents may be concerned about divorce

Many mothers in Georgia stay home with their children after becoming parents, even if they had earlier been pursuing professional careers. In most cases, this is a joint decision for a married couple. According to studies, 25% of mothers and 7% of fathers across the country step up to play the role of stay-at-home parent. For many families, having a parent stay at home is viewed as the most beneficial way to raise children.

After-divorce tasks

When couples divorce in Georgia, there are often a lot of details to be worked out. These might include the division of assets and debts, the sale of the family home and deciding whether one spouse will receive alimony. If the couple has children, the situation can become more complex.

The rise of "gray divorce"

Recently, residents of Georgia and the rest of the United States have witnessed the progression of a broadening trend called "gray divorce." This term is typically applied when a person gets divorced after their 50th birthday. Although the nation's overall divorce rate has declined in the past two decades, gray divorce is unquestionably on the rise. Considering how the social stigma surrounding divorce has greatly diminished, it may seem natural that spouses in the older demographic would increasingly go their separate ways.

Property division in divorce includes retirement savings

Retirement might be years away when couples in Georgia decide to end their marriages. Their savings for retirement, however, will generally be counted as marital assets whether they are held in individual accounts or employer-sponsored plans. Accessibility of funds, penalties for early withdrawal and impacts on Social Security benefits all need to be considered by people negotiating their split.

Studies say attractiveness, marriage stability related

When people in Georgia marry spouses who are significantly more or less attractive than they are, the marriage might be more likely to end in divorce. An article in "Psychology Today" reported that several studies have found that a roughly similar level of attractiveness between couples increases the likelihood that the marriage will last.

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