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...
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High-asset Divorce
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...
How to split a business when a marriage ends
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...
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...
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...
Strategies to reduce messy conflicts in high-assets divorces
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...
