On behalf of Terri Herron Law | Sep 23, 2020 | High-asset Divorce
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...
On behalf of Terri Herron Law | Sep 8, 2020 | High-asset Divorce
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...
On behalf of Terri Herron Law | Apr 24, 2019 | High-asset Divorce
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...
On behalf of Terri Herron Law | Apr 15, 2019 | High-asset Divorce
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...
On behalf of Terri Herron Law | Mar 27, 2019 | High-asset Divorce
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...
On behalf of Terri Herron Law | Mar 18, 2019 | High-asset 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...
On behalf of Terri Herron Law | Mar 5, 2019 | High-asset Divorce
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...
On behalf of Terri Herron Law | Jan 16, 2019 | High-asset Divorce
When a wealthy Georgia couple decides to end their marriage, the high stakes could inspire lengthy disputes and costly court battles. Such drama is not inevitable, however, as long as the spouses manage their emotions and embrace compromises. Individuals with a high...
On behalf of Terri Herron Law | Jan 4, 2019 | High-asset Divorce
When Georgia couples get a divorce and have a 401(k) or pension to divide, they will need a document called a “qualified domestic relations order”. This is one of several steps they will need to take in dividing these types of assets while avoiding paying...
On behalf of Terri Herron Law | Dec 27, 2018 | High-asset Divorce
Individuals going through the divorce process in Georgia may need to consider how they will share custody, who will get ownership of the home, and how they will divide shared assets. The situation becomes more challenging when one or both spouses are entrepreneurs. In...
