Marriage is a job within itself without the added worry about new careers and finances. Young married couples today face new money problems that were not as widespread in previous generations. Recent surveys of divorced millennials cite student loan balances as a common cause for many of their marriages ending. In Georgia and elsewhere, high student loan debt is a financial stressor for many couples and is said to be a contributing factor in many a divorce.
Matt Lauer nears $50 million divorce settlement
A former co-host on a popular morning show is preparing to shell out a cool $50 million to his former wife. Sources say the fallen anchor is furious about handing over real estate and half of his net worth. In Georgia and other states, a celebrity divorce settlement such as this can cost well into the millions.
Relinquishing financial duties may complicate gray divorce
For generations, women have declared their equality to men, insisting their husbands share household chores and child-rearing duties. Women in Georgia are a strong force in the workplace, and men have learned to relish stay-at-home responsibilities. The roles of men and women within opposite sex marriages have equalized in many areas, but one glaring weakness may leave older women vulnerable in the event of a divorce.
Filing joint taxes may be the best option during a divorce
Even though a martial break up is forthcoming in the near future, couples who are still legally married may continue to file joint tax returns. There are several factors to consider whether this is the best option for those who are soon to be divorced. In Georgia and other states, couples in the process of a divorce but who are still married at the end of the year may file together.
In the event of a divorce, cancel joint credit accounts
Ending a relationship may be easier than splitting finances. Owning joint credit cards with a soon-to-be ex can have devastating results if one party does not take responsibility for unpaid balances. In Georgia and other states, a divorce decree does not excuse one from making payments on credit card accounts.
Tax overhaul will affect deductions for divorce payments
The tax overhaul put in place by Congress is set to reach out and touch every aspect of American life, including divorce and alimony. The 75-year-old standing tax deduction for alimony will disappear beginning in 2019, and the new legislation was recently signed into law. In Georgia and all other states, the new ruling will not affect those who begin divorce proceedings or have signed separation papers before 2019.
Completing a Divorce Agreement Quickly and Outside of Court
Going through a divorce can be emotionally draining and stressful. In order to make the process as quick and easy as possible, consider an uncontested divorce or negotiating a settlement agreement. An uncontested divorce requires both parties to cooperate and agree over all divorce issues. While this may prove to be impossible for some spouses, if you are able to maintain an amicable relationship, the process can be much less overwhelming and time consuming. In order to complete an uncontested divorce, you will need to come to an agreement on matters including: child custody, child support, spousal support/ alimony, property division, debt division and all other issues in your divorce. If you are able to agree through negotiations, a marital settlement agreement can be made and signed by the court.
How Can I Make The Divorce Process Easier For My Children?
Going through a divorce can be an emotional roller coaster for both parents and the children involved. As divorce lawyers, we are often asked how to help children adapt and get through the divorce as easily as possible. We wanted to provide some helpful tips for you to help keep the divorce positive and avoid a large mess. If you are already struggling with a messy divorce situation, contact an Atlanta divorce attorney from our firm for help. One of the most important aspects of a divorce is having support and making it so the children do not feel abandoned. Maintaining support is crucial, visits from other family members or family friends will show the children that they aren't losing people close to them.
Details of Post- Divorce Litigation
Oftentimes changes happen after divorce orders are made. While orders may have been suitable for both parties at the time of a divorce, life happens and situations change. It may be necessary for the divorced couple to modify their divorce decree later down the road. Post-divorce litigation is the dispute resolution method that is commonly used to make these sort of modifications. In order to make sure that your needs and wants are fought for in your litigation, retain the help of an Atlanta divorce lawyer. In order for this litigation to take place, the parties will need to provide proof of a substantial change requiring a decree modification. Examples of situations that may qualify for post-divorce litigation include:
What is the Process of Divorce Mediation?
Going through a divorce can be extremely stressful and overwhelming. In order to make the process as easy as possible consider using mediation rather than the hassle of court appearances and litigation.
