While there is no easy divorce, the stakes are much higher when significant assets are involved. It is no longer business as usual, and even the slightest mistake can result in substantial losses. Therefore, you need to be wary of the pitfalls to avoid and ensure you...
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High-asset Divorce
What happens to your shared debts in a Georgia divorce?
It could take weeks of negotiations for divorcing spouses to settle their property division issues. Often, divorcing couples focus primarily on their biggest assets. Family-owned businesses, retirement accounts and real estate often lead to contentious property...
Does a non-fungible token (NFT) factor into your divorce settlement?
If you are getting a divorce here in Georgia, you might have to deal with splitting the value of a digital asset known as a non-fungible token, or NFT, with your soon-to-be ex-spouse. While cryptocurrencies have been complicating Georgia divorces for a few years now,...
3 assets you need to price carefully in a Georgia divorce
When a married couple in Georgia files for divorce, they have to divide their assets. Sometimes, this process is easy because they already have a marital agreement. Other times, it is the biggest source of conflict in the divorce. As you prepare for court or...
Some common financial mistakes to avoid in a gray divorce
Finding yourself facing divorce later in life brings about unique challenges. While you may not have child custody issues to consider, the wealth you have accumulated may take center stage. There are some common missteps you may make when trying to set yourself up...
What should I do before filing for a divorce?
One of the more complex parts of a divorce is dividing assets. Property division is complex due to the separation of personal and marital property. It also can become tricky if not all assets are known to you. According to FindLaw, one of the most important things to...
Dividing qualified assets in a divorce requires tax planning
When divorce involves the division of qualified assets like an IRA, annuity or 401(k), spouses must consider tax implications. Kiplinger explains tax consequences that may influence how couples split qualified assets. Distributing IRA funds may trigger a penalty An...
How long will my divorce take?
Even if your divorce is an amicable one (which it may not be), it is likely that the process is not enjoyable. Thus, it is natural to want your divorce over with as quickly as possible so that you can get on with rebuilding your new life. However, trying to rush...
The effects of divorce on retirement savings
People in Georgia who get a divorce when they are close to retirement age might be worried about its effect on their retirement, but even younger people may find their retirement savings endangered by divorce. In most divorces, a spouse is entitled to at least a...
Amazon founder Jeff Bezos and wife reach divorce agreement
Some Georgia residents may be aware that the founder of Amazon, Jeff Bezos, is getting a divorce. The richest person in the world, Bezos is giving his wife 4 percent of the company stock. Their current value at around $35 billion makes her the world's third-richest...
