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Divorce Archives

Finding firm financial ground in a divorce settlement

Financial advisors have seen their share of divorces gone wrong. What begins as an amicable breakup declines into conflict and dirty tactics when the couple has to deal with the finances. If you and your spouse expect to end your marriage soon, you may believe everything will go smoothly, but the process may not be that easy. Fortunately, there are steps you can take to ensure you will not end up on the losing side of a settlement agreement.

Debt doesn't divide easily in a divorce

You are facing divorce. It may have come as a shock or a long time in the making, but you have a lot to consider as you prepare for the process. If you and your spouse have been married a long time, you may find splitting up more difficult than those with shorter marriages. In fact, the longer you are married, the more entwined aspects of your life become, primarily the financial aspects.

Divorcing spouses, dividing assets and the family business

You may have had a dream to one day own a family business. After getting married, those dreams may have become a reality, and your business may have thrived in a manner that allowed you and your spouse to feel proud and accomplished. However, if you now face the possibility of divorce proceedings, you may wonder how your business will fare when it comes to property division and other related processes.

Valuing your business in a divorce

You worked hard to make your business a success for yourself and for your family. Now that your marriage is ending, at least a portion of your business becomes part of the marital estate. A valuation is required for property division purposes. Georgia divides marital property based on an equitable distribution, which means a fair distribution, not necessarily an equal one.

Stocks could play a role in your high-asset divorce

As you go through a complex divorce, ensuring that every potential area gets addressed correctly may be a top priority. When it comes to property division, many individuals find this process the most difficult and time consuming, especially when dealing with considerable wealth and uncommon assets. Stock-related property may prove particularly troublesome during division, and, therefore, you may wish to better understand how these assets could come into play.

Property division in divorce: What about the art?

Getting a divorce is a complicated process. In addition to filing the paperwork to initiate the divorce proceeding, the couple must go through negotiations on property division and, if children are present, navigate issues involving child support and child custody.

What you should know about divorce in Georgia

While the exact percentage is up for debate, it is common knowledge that the divorce rate in the United States is fairly high. With so many marriages ending in divorce, many couples may find themselves curious about the process. Unfortunately, this can be a difficult topic to pursue, since the laws and perceptions surrounding divorce vary by state. If you live in Georgia and you have questions about the divorce process in this state, then read on for more information.

How do you file for divorce in Georgia?

The exact procedure for a divorce filing varies from one state to the next. So if you and your spouse have decided that it is time to bring your relationship to an end, it is important to be aware of the rules in your home state. This is particularly the case if you have recently moved, as many states require you to have been a resident there for a set period of time before you can commence a divorce proceeding there.

The most common divorce statistic may be a lie

Many of us have been told throughout the course of our lives that nearly half of marriages end in divorce. This divorce statistic is often spun to achieve a certain end: some use it to dissuade people from getting married, arguing that they’ll just get divorced anyway, and some claim that it reveals how little our society currently values marriage. Regardless of which side of the fence you fall on, it may surprise you to learn that this statistic is not, and never was, true.

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William C. Gentry, Attorney at Law

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Marietta, GA 30060

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