NBA point guard Raymond Felton is currently involved in a divorce with his wife of 19 months. While their marital split is currently unfolding in New York, Georgia residents, and especially those who have lived in numerous states, may be interested in how the laws in each state can lead to different divorce outcomes.
Many people in Marietta are familiar with the concept of prenuptial agreements: a contract that couples sign before getting married that often lays out how money and property will be divided at divorce. Fewer people may be familiar with postnuptial agreements, very similar to prenuptial agreements but signed after a marriage, but there are an increasing number of Georgians who are using these agreements. Much like a prenuptial agreement, postnups can be used to resolve a considerable number of family law issues.
It may have been a very difficult decision to come by, but with divorce increasingly common in Emerson, separating from a spouse is not something you will be going through alone. For some of the top-earners in Emerson, however, it may be especially difficult to file for divorce, in part because of the complex nature of dividing marital assets. Especially for those individuals who married after already making a name for themselves, keeping their money and property separate during a divorce is incredibly important.
For many people in Atlanta, getting a divorce is a time of complete uncertainty. All that you know is that when you are done, you will no longer be married to your spouse, but other than that there is no real way to know who will get the house, who will have primary custody of the children, whether alimony will be awarded, what amount of child support shall be paid, and many other aspects of divorce that must be settled. It is not always the case, however, that someone will be completely unaware of what divorce will bring, especially if he or she has a prenuptial agreement.
effects on the status of prenuptial agreements and property division in Atlanta. What was once thought to be iron-clad, a prenuptial agreement has been set aside on account of fraud. Although the husband who will be negatively affected by this decision plans on taking the case to the highest court in the state, this could still be the start of change within family law.
Former Atlanta Braves superstar Andruw Jones was recently served divorce papers from his wife of 10 years. The 35-year-old outfielder may not have been all that surprised by the divorce filing, as he was arrested Christmas morning at his Duluth, Georgia, home on charges of domestic violence against his wife, Nicole Jones.
When celebrities divorce in Georgia, one of the issues that may be relatively more complex will be the division of the marital assets. This is typically because individuals with a high net-worth have substantial and valuable assets that will be the subject of division.
Like any Atlanta resident, when Usher and his wife divorced in 2009, the couple needed to determine what they were going to do with the marital property. As Georgia requires that any property acquired during the course of a marriage to be divided equitably among divorcing spouses, divorce settlements can get tricky as husbands and wives try to negotiate who gets what, what is really an equitable division and the cost of the property to be divided. For superstars like Usher, it can get even more complicated.
As many people going through high-asset divorce in Georgia know, prenuptial agreements are an important way to protect the wealth a spouse had going into a marriage. One lawyer in Atlanta has reported that these agreements are 10 times more common now than they were 20 years ago, especially among Georgia's high earners.
Prenuptial agreements, or "prenups" aren't for everyone, but many people in Georgia may be surprised at how popular these family law agreements can be. It may seem that only the extremely wealthy should get prenups, but almost 33 percent of single people plan to ask their future husband or wife for a prenup. While these agreements may not seem romantic, they can go a long way to protect your assets in the case of a divorce.