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property division issues Archives

Deciding what to do with the family home after a divorce

The family home is usually the most valuable asset that a divorcing couple owns. Therefore, deciding whether or not it should be sold is often a contentious issue during property division negotiations. Spouses in Georgia may choose to give up their rights to ownership of the family residence by signing a quitclaim deed, but doing so sometimes leads to even more acrimonious legal battles in the future.

Premarital arrangements can save marriages

The divorce rate in Georgia is among the highest in the United States; according to statistics compiled by the Census Bureau, the divorce demographics of the Peach State can be as high as 18.9 percent in cities such as Atlanta. The main reasons for legal separations in Georgia are not different than for the rest of the country: Money and strained communications top the list, and these are issues that could alleviated with prenuptial agreements.

More millennials are choosing prenuptial agreements

Getting a prenuptial agreement is becoming increasingly popular among millennials in Georgia and across the U.S. A survey of attorneys that was completed by the American Academy of Matrimonial Lawyers found that more than half of the respondents reported that they had witnessed an increase in prenuptial agreements among this particular demographic.

Prenups can provide a sense of security to married couples

Georgia residents who are planning on getting married might consider adding a prenup to their list of things to do before the wedding. While the common misconception is that prenups are for rich people only, the reality is that these documents can work for all types of couples and provide a sense of security.

Why wealthy families may want to encourage prenups

Parents in some wealthy Georgia families might want their children to draw up prenuptial agreements when they marry. However, children may not always agree with this action. Therefore, it is best if people have this conversation with their children when they are young adults and even teenagers.

5 signs your spouse is trying to hide divorce assets

Divorcing your spouse is a painful and frustrating situation that can seem to drag on for a lifetime. It is especially difficult if there are several high value assets like homes, vehicles or cash between the two of you which need to be divided. It's not uncommon for people to try to hide assets during a divorce, thereby keeping more for themselves when everything is said and done.

Some parents continue home sharing after divorce

For many parents in Atlanta who make the decision to divorce, the end of their marriage can be accompanied by a great deal of concern for their children's reaction to the split. Child custody, along with property division and other financial issues, can be one of the most contentious and difficult portions of any divorce.

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Terri Herron Law Georgia Family Law Attorneys

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