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Posts tagged "Divorce"

How older adults can take to protect themselves in a divorce

Divorce among spouses 55 and older is on the rise. For those who are at least 65, the chance of getting a divorce has more than doubled since 1990. These older ex-spouses could face many challenges during the property division process. For many Georgia couples, mediation may be a better solution than going to court since it's less adversarial.

Property division and compensation structure in divorce

How people in Georgia are compensated at work may affect how property is divided in a divorce. If one or both people are paid a regular salary, the division may be fairly straightforward. However, if there are bonuses, commissions, stock options or other perks, the process may become more complex.

Some marital problems more likely to lead to divorce

A study that was published by the Journal of Sex & Marital Therapy has highlighted the top four reasons that people in Georgia and around the country get divorced. They are lack of intimacy or love, lack of trust, sympathy or respect, growing apart, and communication problems. The study involved surveys of 2,371 straight people who had recently gone through a divorce, and their average age was 45 years old.

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.

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