When it comes to alimony, our attorneys typically see recipients in Georgia approach these funds in one or two main ways. The first way involves holding on to that money as if it were a lifeline. They are terrified of using spousal support in case they need it for something major down the line. The second way involves spending the funds for outrageous purchases as if recipients just received a significant inheritance from a relative.
Any high-asset divorce has the potential to cause conflict. Both parties have a lot to lose, so it makes sense that they may fight tooth and nail to keep all they can.
If you and your spouse are divorcing, spousal support (formerly known as alimony) may be one of the issues that needs to be hashed out. Spousal support payments often become a bone of contention in otherwise relatively routine divorce cases.
In most cases, business and divorce do not make good bedfellows. The founder of the business is usually afraid of losing everything he or she has worked so hard to build. By contrast, the other spouse may worry about not getting a fair share of the business profits. All of this fear and concern has the unfortunate effect of overcomplicating divorces that involve business owners.
Going through a divorce when you have a considerable amount of assets can be a complicated process. You and your spouse may have assets that are invested, saved or put aside that you'll have to access and disclosure during the divorce. You might have assets your spouse doesn't know about or vice-versa. These need to be fully disclosed.
Within weeks, kids will be out of school for another long, hot Atlanta summer. If you are a divorced parent who shares custody of your minor children with your ex, that can mean obstacles when coordinating summer child care responsibilities.
Often, married couples find that, once they reach a certain stage in the marriage, or once their children have moved on and established lives of their own, they no longer have as much in common as they once did. This is among the many reasons “gray” divorce is on the rise, but divorcing after 50 can involve certain challenges that differ from those faced by younger people.
More and more couples in Georgia have come to realize the value a well-drafted prenuptial agreement brings to a marriage. Such an agreement can take away a great deal of the conflict couples experience over the marriage's finances. In turn, less conflict means a happier, healthier relationship overall.
One matter that quickly goes out the window in many Atlanta divorce situations, especially those involving wealthy couples, is privacy. It is not always easy to move on once it is time to separate shared assets and establish individual accounts to protect personal information. Things can become increasingly more difficult when there seems like there is no shortage of rumors and misinformation afoot once friends and family learn that the relationship is over.