Although they are becoming more common, many Georgia readers might still attach a stigma to prenuptial or postnuptial contracts. For example, some may avoid such contracts, fearing it would send the wrong message to a future or current spouse. Others may believe the contracts to be unnecessary, as divorce law provides ample guidelines for the division of property and other matters, such as child custody and support.
Dividing retirement accounts and investments may be the last thing on the minds of a Georgia couple going through a divorce. Issues like child custody, alimony or real estate often seem to get more attention. As a result, a divorcing individual may agree to a buyout of a retirement asset, just in the name of administrative ease. However, doing so could shortchange one's long-term financial planning and lead to nasty tax consequences.
A recent article reminds Georgia couples that the division of martial property may bring unwelcome surprises around tax filing time. Needless to say, a divorced spouse will likely have different exemptions and deductions, due to the property division ordered by the divorce decree.
Georgia readers may be interested to learn that former NBA point guard -- and future Hall of Famer -- Allen Iverson has recently finalized his divorce, according to reports.