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Posts tagged "Divorce"

Planning can protect assets from divorce

Georgia couples thinking about marriage may consider it cynical to also plan for divorce while planning a wedding, but the high divorce rate makes it prudent to consider worst-case scenarios. Some consider it bad luck to even mention divorce, but those same people think nothing of carrying life and health insurance in case bad things happen. Divorce planning is no different.

Divorce courts aren't made for revenge

For people in Georgia considering divorce, especially in contentious cases involving infidelity or abuse, it can be tempting to go on the attack against a former spouse in the courtroom. This is especially the case when there are substantial marital assets or child custody issues. However, in many cases, trying to seek righteous victory in divorce court can be more painful than its benefits.

How overspending can lead to a divorce

Finances can be one of the main causes of divorce for couples in Georgia and throughout the country, and one of the danger signs is when couples have different ideas about money. One of the most destructive things a person can do in a relationship is spend the other person's money without concern for how it affects that person or the relationship.

Divorces between business partners can add challenges

Divorce is always a difficult and often complex time for people in Georgia coming to the end of a marriage. The disentangling of emotional and familial ties can be draining, while the financial and practical aspects of property division can at times be overwhelming. The complexity of asset division during divorce can be underlined when the two divorcing spouses are also business partners who run a company together.

Negotiating a divorce settlement

Georgia couples who are facing the end of their marriages might want to negotiate a settlement agreement rather than having a judge make the decisions. For some, the process can be more amicable than for others, but in all cases, walking into negotiation sessions prepared is the key to successfully completing the process without it dragging on and having costs mount up.

Divorce in the new year

For some Georgia residents, the new year means taking steps toward divorce. They are not alone; making the decision to divorce after the holidays seems to be common. Experts believe that divorce filings might increase during this time because something going wrong with the holidays might be the last straw for an already failing relationship.

The financial impact of a divorce

While filing for divorce may not have an impact on a Georgia resident's credit score, actions taken after the divorce could. For instance, it may be necessary to refinance a home as part of a divorce settlement. This may require a hard credit check, which could be enough to reduce a person's score. It is possible that living on one income makes it harder to keep up with debt obligations.

Retirement and divorce can go hand in hand

A growing topic of concern for people over 50 in Georgia and across the United States is divorce, especially close to and after retirement. As older people lead longer lives in greater health, the divorce rate for couples over 50 years of age has grown significantly even while the overall divorce rate for Americans has declined. During the last 20 years, the rate of divorce for couples in this age range has grown continually and is now over 50 percent. With the approach of retirement and an "empty nest" as children leave the family home, one in every four couples divorces after the age of 50.

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