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Terri Herron Law

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December 2018 Archives

How entrepreneurs can protect business assets during a divorce

Individuals going through the divorce process in Georgia may need to consider how they will share custody, who will get ownership of the home, and how they will divide shared assets. The situation becomes more challenging when one or both spouses are entrepreneurs. In this case, one's business could be the largest asset that they have.

Dealing with credit card debt during a divorce

For many Georgia estranged couples, the question of how to divide credit card debt in a divorce can be just as critical as how marital assets will be split. Many wealthy couples have significant debts, and it can be important to account for this as part of the property division process. One of the most critical items to consider is jointly held credit card debt. Joint cards belong to both spouses as co-owners, so both are liable for the full amount owed. Therefore, many financial experts advise that joint debt should be eliminated as part of the divorce agreement.

Accommodations are an important aspect of custody decisions

Although there are many factors that go into deciding child custody rights in Georgia divorce cases, living accommodations are often considered to be some of the most important. Whether a parent receives sole custody, joint custody or no custody at all can hinge upon the ability to provide a nurturing environment where a child will have access to vital resources, including health care.

Post-divorce co-parenting during the holidays

Separated or divorced parents in Georgia tend to have more to deal with than most families do during the holidays. For one thing, there's more potential for conflicts and confrontations due to increased back-and-forth travel between homes. School breaks can also be a source of contention if adjustments will need to be made with existing arrangements. One solution recommended for easing holiday stress for both parents and children is to get everyone on the same page with seasonal plans.

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Terri Herron Law Georgia Family Law Attorneys

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