On behalf of Terri Herron Law | May 23, 2019 | Contested And Uncontested Divorce, Firm News
People in Georgia who carry large amounts of debt, including student loan debt, may be more vulnerable to divorce than those who are debt-free. Three times more people have more than $50,000 in student loan debt than they did a decade ago. The average student loan...
On behalf of Terri Herron Law | May 8, 2019 | Contested And Uncontested Divorce, Firm News
Some people in Georgia who are getting a divorce may need to get new medical and life insurance. Often, higher-earning spouses have the lower-earning spouse on an employer-sponsored health insurance plan. The spouse may have the option to extend the plan through...
On behalf of Terri Herron Law | Mar 11, 2019 | Contested And Uncontested Divorce, Firm News
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....
On behalf of Terri Herron Law | Feb 26, 2019 | Contested And Uncontested Divorce, Firm News
When Georgia entrepreneurs start a business, they can include language in the company’s organizing documents that specifies that if there is a divorce, the business cannot be transferred to their spouse. However, if the person has already started the business, a...
On behalf of Terri Herron Law | Oct 18, 2018 | Contested And Uncontested Divorce, Firm News
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...
On behalf of Terri Herron Law | Oct 10, 2018 | Contested And Uncontested Divorce, Firm News
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...
On behalf of Terri Herron Law | Aug 20, 2018 | Contested And Uncontested Divorce, Firm News
Divorcing couples in Georgia may experience some anxiety regarding their finances. They should begin by examining their expenses, liabilities, income and assets. Savings accounts, bonds, money-market accounts, mutual funds, stocks, savings bonds, real estate...
On behalf of Terri Herron Law | Aug 17, 2018 | Contested And Uncontested Divorce, Firm News
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...
On behalf of Terri Herron Law | Jul 16, 2018 | Contested And Uncontested Divorce, Firm News
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...
On behalf of Terri Herron Law | Jul 3, 2018 | Contested And Uncontested Divorce, Firm News
Some future exes in Georgia may have concerns about how getting a divorce will impact their finances. However, there are some proactive actions they can take to mitigate any financial complications that may arise. A spouse going through a divorce should confront the...
