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Terri Herron Law

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contested and uncontested divorce Archives

Friends may be the spark a person needs to get divorced

A Georgia resident who is on the fence about getting divorced may be silently encouraged to separate by their friends. If friends have already gone through divorce, one might see that separation can be a way to move forward as opposed to a bad way to end a relationship. Individuals may look even more favorably on divorce if a friend's split was amicable or relatively free of drama.

Preparing for alimony during a divorce

When Georgia couples think about divorce, they may be especially concerned about the financial ramifications of ending a marriage. Not only does divorce come with the division of marital property, but alimony could also be part of the final settlement. Depending on the situation, spousal support may be temporary or long term.

How shared assets are split during a divorce

Getting a divorce in Georgia is more complicated than most people realize. After spending years with a spouse, a divorcee might not be sure what their financial future has in store for them. That is why it is so important to figure out one's finances as soon as separating becomes a real possibility. Splitting assets is much easier when both parties know all of their rights and responsibilities.

Divorce can be a time of financial shocks

When people in Georgia decide to divorce, the financial effects of ending a marriage can be some of the most difficult to deal with, even beyond emotional and practical concerns. Ending a marriage can force difficult financial reckonings for both spouses, especially when it comes to learning the full extent of family debt and making changes to support fiscal sustainability as a single person. One recent study of 1,750 divorcing women looked at the kind of financial surprises that can accompany a divorce, especially as nearly half of the participants said they faced unexpected changes.

How the change in tax laws will affect alimony

During a divorce, a Georgia couple may make a number of decisions regarding the division of their marital property and how much in alimony one spouse may pay. Under the current tax laws, alimony is deductible by the payer and taxable to the recipient. However, this will change starting in 2019.

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Terri Herron Law Georgia Family Law Attorneys

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