Retirement accounts are often an important issue for Georgia couples who divorce later in life after the age of 50. The end of 2018 marks a time of significant change regarding how divorced couples will handle their taxes. Among the biggest differences is that after January 1, 2019, tax regulations will no longer allow deductions for alimony payments, and payments will no longer count as income for the person receiving them. Some observers had predicted that the change would lead to a rush of divorce settlements during 2018.
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.
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.
Losing custody of a child happens to many parents in Georgia whether it is to an ex-spouse, a relative or to the state. It is possible for many parents to get custody back. A parent in this situation should carefully evaluate the situation and create a plan for regaining custody of their children.