Marietta Family Law Blog

Despite the emotional upheaval, there may be things you are looking forward to when your divorce process is over. Maybe you plan to change your name, take a trip or finish your degree. Perhaps you have already set aside some time to thoroughly examine your finances and create a plan for your future.

Unfortunately, waiting until your divorce is finalized to begin thinking about your financial situation may set you up for years of struggle. There are many things you can do now, and financial advisors recommend completing some of them as soon as possible to avoid negative consequences.

Your spouse filing for divorce may have been unexpected or a long time coming, but the reality of it is certainly upsetting. When the shock and confusion began to abate, you may have begun to feel fearful. What will your future be like? How will you get along financially? These questions may be especially pertinent if you sacrificed your own career to raise children and keep house while your spouse's career flourished.

One immediate concern may be ensuring that you receive your fair share of the marital assets. In Georgia, as in many states, divorce is guided by equitable distribution laws, meaning that, with a few exceptions, all the assets acquired during your marriage are on the table for division unless stipulated in a prenuptial agreement. However, what if your spouse tries to keep those assets from you?

If you are facing a divorce, you likely have serious concerns over your financial stability in the future. Money and division of marital assets are some of the most contentious and sensitive issues in a Georgia divorce, especially when there are valuable assets or a significant amount of money at stake.

A high-asset divorce can be particularly complicated and difficult, and many couples find that they must resort to costly litigation simply to get to a final order. However, this is not the only option available. It may be possible to avoid litigation altogether and pursue a fair outcome to your property division settlement through mediation. This form of dispute resolution can help you maintain more control over the terms of the final order, all while saving both time and money.

As a business owner, you certainly know that the value of your company can play an important role in various areas of your business enterprises. As a spouse, you likely also know that the value of your business could play a part in your marital finances and have an impact on settlement outcomes in the event of divorce. When it comes to determining the value of your business, especially in relation to divorce settlements, you certainly want to choose the valuation method that best suits your needs.

Many valuation methods exist, and though you may consider yourself a business-savvy person, you may not have the necessary knowledge or tools to come to an accurate valuation estimate on your own. Often, professional valuators come in to determine business values, and having an accurate estimate may be important during your divorce.