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Atlanta High-Asset Divorce Law Blog

How a buy sell agreement can protect your business from a divorce

Your business may be thriving, but if your business partner's marriage fails, you could still end up in trouble.

You may barely know your business partner's spouse -- but he or she could actually have a stake in your company. If your business partner's share of the company ends up being part of his or her marital assets, your business partner's ex-spouse could end up holding more influence over your company's future than you'd like.

A high asset divorce can also bring high debt

If you find yourself part of a high asset divorce, it's safe to assume you'll spend a lot of your time seeking ways to retain as much property as possible.

From your family home to cars, from electronics to collectibles, there are plenty of assets that deserve your attention.

Is your spouse hiding assets in divorce?

Because you and your spouse have a high net worth, you may have several challenges in the divorce process that those without high assets do not face. One of these is taking steps to ensure that your spouse does not hide assets from you in order to keep more than his or her equitable share of the marital property.

It can be difficult to prove the existence of the hidden assets if your spouse is making diligent efforts to keep them concealed. You are not without resources, though, if you suspect your spouse is hiding assets.

Fathers in Georgia are at a disadvantage for child custody

Fathers in Georgia are at a marked disadvantage when it comes to child custody. As many states are moving toward encouraging equal time spent with the mother and father, this state isn't really doing this, which means that dads aren't getting the time they need to forge strong relationships with their children.

Custody X Change did a study regarding parenting time. If you average out the results for all states, fathers only receive about 35 percent of child custody time. The news is even worse for dads in Georgia. Fathers here get just 23.5 percent of the parenting time, which means that mothers are getting more than three-fourths of the time with the children.

Understanding rehabilitative alimony in Georgia

Rehabilitative alimony is the one kind of alimony you should learn about if you think you'll be expected to pay alimony to a spouse who did not work during your marriage. This kind of alimony is designed to help him or her as he or she learns a new trade or gets back into a normal workflow. The alimony isn't unlimited, and it's possible to limit it to only a year or two while your ex-spouse gets back on his or her feet.

Whether you're the person paying or receiving payments, there's information to know about temporary rehabilitative alimony. Here's a little more about this possible award in a divorce case.

Are you in danger of losing a business to divorce?

Maybe trouble had been brewing for a long time, or maybe the prospect of divorce hit suddenly like the proverbial ton of bricks. Either way, if you are a business owner, your livelihood could be in jeopardy.

There are basically three scenarios. The couple founded and grew the business together, one spouse started the business and then got married or a spouse began the business after the marriage on his or her own.

Watch your spending before your divorce

The greater your assets, the greater the chances your divorce will end up being a drawn-out affair with a lot of high emotions and quarrels over the financial arrangements.

It's important, however, not to let those emotions drive you into any bad financial moves -- particularly any that can be deemed "marital waste."

Will retirement alter my child support obligations?

When you enter retirement, you will no longer receive an employee's paycheck every month. Since spousal support, otherwise known as alimony, is generally calculated based on a person's working income, one might think that with retirement will come the end of alimony obligations.

The answer to whether you will be obligated to pay alimony after you have retired will depend on the type of alimony you have been ordered to pay. The type of alimony that you were ordered to pay is probably based on many factors, including your former spouse's role in the household as well as the terms of the divorce.

You can take steps to protect your parenting time

Learning to choose your battles carefully is an important aspect of sharing custody of your child with his or her other parent. Especially in the beginning, it is very common for both parents to find it very difficult to abide by all the provisions of their custody agreement and parenting plan, and this is to be expected in some form or another. However, when one parent's behavior results in a loss of parenting time by the other parent or negatively affects the other parent's relationship with the child, the courts may see this as parenting time interference, and may punish the offending parent accordingly.

If you suspect that your own custody experience includes parenting time interference, you may need to take legal action to protect your right to time with your child and to an unobstructed relationship with the child. Whether your child's other parent interferes directly with your time by preventing you from enjoying physical custody and visitation or interferes indirectly by obstructing your communication and relationship with the child, you can petition the court to review these actions and find appropriate remedies.

Georgia dads spend less time with kids than dads in other states

A company that works to help parents create child custody and parenting plans reports that fathers in Georgia spend less time with their children than dads in other states.

The company's study looked at the child custody schedules for parents from state to state. Included in the analysis was an examination of judicial standards across the states and input from family law practitioners about custody arrangements they have seen.

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