Receiving an inheritance from a family member can be an appreciated event for an Atlanta resident. However, if the recipient of the inheritance is married a lot of questions can arise with regard to who owns the property that was acquired and what will happen to it if the recipient and their spouse end their marriage. This post will briefly discuss this somewhat complex property division topic and readers who wish to learn more about it are encouraged to discuss their questions with their divorce and family law attorneys.
In a high-profile divorce, valuable assets often present quite a challenge in property division negotiations. One of the most valuable and difficult to determine disposition of is artwork. There are several reasons for the complexity of these negotiations.
Baby boomers are divorcing more than ever these days. Often referred to as grey divorce, these divorces take place among individuals who are over the age of 50, nearing retirement and have often been married many years. As one can imagine, there are usually significant assets to be disbursed in these matters, many of which have been accumulated over a long period of time. Retirement accounts, stock portfolios, equity in the marital home and pensions all become issues. However, aside from the financial aspects to deal with, older couples tend to have more disputes over those things which are sentimental in value.
A long time ago, we wrote a post about a prenuptial agreement that was upheld by a judge after it was legally challenged. That post brought up an interesting topic that we would like to expand upon today: when you challenge a prenuptial agreement, what are some common grounds that are used to support the claim?
When a Georgia couple is planning a wedding, it is easy to forget certain steps that can provide security in the future, such as drafting a prenuptial agreement. A prenuptial agreement is not only for couples who are wealthy or possess high-value assets, but it is also for average couples who wish to protect their future interests. Taking the time to plan ahead can be very beneficial for a couple in case of a future divorce.
In Georgia and all other jurisdictions, negotiating a settlement in a divorce is more difficult for a person over 50 due to several factors. There are higher stakes generally, and most importantly, it's not as easy to start fresh and obtain everything that one needs for retirement at such a later point in life. Like all other litigation matters, a divorce settlement comes more easily if both parties can be objectively focused on a fair property division, without the interference of an emotional overlay.
Many people in Georgia have a strong bond with their pets. When going through a divorce, many couples feel just as strongly about who will have custody of their pets as they do about their children. However, the custody, or ownership, of a pet is treated differently than that of a child.
Unfortunately, divorce affects numerous couples across the country every year, including a significant number here in Georgia. While no one enters a marriage expecting a divorce later, it happens and being prepared for all aspects of divorce proceedings is important. Discussing money and property is a leading cause of contention between divorcing couples. Having access to all financial records and proof of property values may come in handy when establishing fair property division agreements.
Social media has been used to break up friendships. It’s also been used to break up marriages. Most people in Georgia have likely heard of prenuptial agreements. However, now there’s a new trend among people who are about to get married -- getting a social media prenuptial agreement.
The Internet has brought about vast change in the manner in which we reach out and communicate with others. In just one generation, we have experienced a shift in which virtually any piece of information is immediately available, and where connecting with old friends or making new connections is as simple as a few clicks. While the Internet has undoubtedly led to improvements in many aspects of modern life, there is also a downside to this increased connectivity. For many Georgia couples, going online can lead to marital strife and sometimes, divorce.