One of the ramifications of a divorce is the negative impact it can have on one's finances. For Georgia parents who want to send their children to college, this can be a concern. However, there are certain ways they can plan effectively.
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.
The benefits of establishing paternity
Some Georgia parents who are no longer together or who are not married may decide to deal with custody issues themselves. However, there are many benefits for both the child and the parents to have the father legally establish paternity.
The advantages and disadvantages of joint legal custody
Divorcing parents in Georgia and around the country usually want what is best for their children even when they agree on little else. Their discussions generally focus on negotiating physical custody and arranging visitation schedules, but parents may sometimes have joint legal custody of their children even when they spend very little time with them. Parents with joint legal custody are authorized to make important decisions about matters such as education, health care and religion, but there are disadvantages to this type of arrangement.
