Marietta Family Law Blog

Georgia business owners know firsthand how difficult it can be to start a business and work for success. It can take years of hard work, personal sacrifice and determination to make a small business profitable. Significant life changes, particularly divorce, can affect your company, and it is smart for you to take steps to protect yourself and the continued interests of your business. 

Divorce requires the division of all marital assets, which could include your business assets. You may have concerns regarding what this will mean for the company you built, but there are ways you can preserve the future of your operations after divorce. One way you can do this is by knowing what to expect and learning how to avoid common divorce pitfalls.

When you first filed for divorce in an East Cobb County court, you may have already started to worry about what types of obstacles your spouse might try to use to delay proceedings or simply to cause you stress as a way to get back at you. At best, you may be able to obtain a final decree with only a few minor snags along the way.

At worst, you could be tied up in an ongoing battle for months if the other party refuses to cooperate and chooses to act out of spite rather than fairness. This likely wouldn't make the situation any easier to bear for you or your children, if you're a parent. There's a big difference, however, between your soon-to-be ex starting arguments or procrastinating when it comes to signing documents or other divorce-related issues and committing illegal acts, such as hiding assets to keep them from being subject to property division.

As you begin the divorce process, you may be going through what many other Georgia couples before you have gone through -- you are looking around your home trying to figure out what will happen to everything, including the house. Many people focus on what they perceive to be the larger assets they own such as retirement accounts and investment accounts, but your home and items in it often cause the most controversy during the property division stage of a divorce.

Sure, your home probably fits into the group of your larger assets, but you are probably more sentimental about it than you are about a 401(k). The prospect of trying to figure out who will walk away with what may be daunting, and the process could become complicated.

Regardless of how amicable two parties may be, there is no such thing as an easy divorce. The process is challenging and legally complex even when two Georgia parties are willing to work together and have productive negotiations about the details of their final divorce order. Preparation can lessen the difficulty of this process, particularly for high asset divorces.

A high asset divorce involves the division of valuable marital property, including everything from valuable assets to bank accounts. Negotiations are high stakes, and there is a lot on the line. If you are facing the prospect of a high asset divorce yet want to do everything possible to make this process easier, it can be helpful to learn how you can prepare for what lies ahead and learn how to pursue a strong post-divorce future.