Divorce tends to be difficult for most couples. When high-value or complex assets are up for division, additional complications and tensions often ensue.
Although Atlanta readers might know that earnings and assets acquired during a marriage are typically considered part of the marital estate, valuation issues can arise in a divorce for business owners, especially when only one spouse handled the financial aspects of the business. Sometimes, a former spouse may even repetition a divorce court to reopen matters, as in today's story.
For Georgia spouses that are discussing divorce, the approaching Tax Day is a reminder not only of the importance of assembling documentation of finances and other assets, but also of timeliness. Timing, in particular, is an issue which at least one member of a divorcing couple might overlook. Either spouse can initiate a divorce under Georgia law, and there may be a financial incentive for filing first.
Although Hollywood actors may not always make the best role models, their divorce proceedings often can provide certain lessons to Georgia readers.
Atlanta readers may be familiar with the work of funk musician George Clinton. The musician has performed frequently at state venues such as Atlanta's Hose of Blues and for events like the Music Midtown Festival. The musician is once again in the news, but this time it's not to promote an upcoming performance. Rather, the musician is currently going through a divorce of his wife of 23 years.
Georgia readers have undoubtedly heard about some of the deadlock members of Congress are expressing over budgeting and tax issues. Fears about a fiscal cliff are some of the sound bites that have become all too familiar in recent months.
The month of February calls for more than black history celebration, a day for remembering Presidents, and the nation's top greeting card holiday. A recent study shows that, Valentine's Day, a holiday best known for bringing loved ones closer together, may also mark a season of separation. The study, receiving data from New York, California, and Illinois, shows an 18% average increase of divorce rates during the month of February and a 38% spike after the Valentine's holiday.
Georgia readers may wonder whether the current economic recession -- and accompanying unemployment -- is impacting the state's divorce rates. According to new research, the answer depends on gender.
Readers in Georgia might be surprised to learn that the economic recession may have changed the way couples across the country approach both marriage and divorce, at least in two regards. Specifically, an increasing number of couples have been cohabitating before marriage and legally separating during marital troubles.