Dividing assets may be challenging in a divorce case. However, if a married couple owned a business together, this could make the property division process even more complicated. While Georgia law may provide guidance, the parties to the divorce itself should take...
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Month: March 2019
The positive impacts of divorce
One way to work through the hardships of divorce is to remember why you’re getting one in the first place. When you’re having trouble feeling positive about this change, try to remember some of the better things the divorce will do for you. Gaining independence Gone...
Addressing unique cryptocurrency problems related to divorce
A couple getting a divorce in Georgia often has to divide marital assets that include joint financial or investment accounts and the home that was shared during the marriage. Even something like jointly accumulated debt is fairly easy to split since it's not too...
Claiming children as dependents on taxes after divorce
With the passage of the Tax Cuts and Jobs Act, Georgia parents can no longer use the personal exemption when filing their tax returns. However, they can take twice the amount for the child tax credit, $2,000 instead of $1,000, along with the Dependent Care Credit....
High-asset gray divorces may necessitate legal counsel
In Georgia, gray divorces are on the rise. Gray divorce is a term referring to an older couple with gray or white hair. Once the spouses pass the age of 50, they obtain a gray divorce. Also known as diamond splitters and silver splitters, divorced older spouses were...
