The Law Offices of Abbott & Abbott, P.C.
Get Answers. Call For A Free Consultation.
marietta 678-905-8781 canton 678-792-4908

Cherokee County Divorce Law Blog

Dividing assets is a challenge made worse by deception

Most people who go through divorce simply want the process to be over as quickly as possible. For some, this means enforcing a prenuptial or postnuptial agreement. For others, it means working through tough negotiations that lead to a resolution both sides agree to.

Unfortunately for individuals with considerable wealth, divorce proceedings aren't always easy to work through or quick in nature, for that matter. Most contentions arise during the course of property division where certain assets, such as business holdings and stocks, require valuation and equitable distribution. 

How Much should Mandy Moore be paid to walk her dogs?

After six years, Mandy Moore and Ryan Adams have ended their marriage. They would have liked to do so earlier - they announced their separation well over a year ago - but could not agree on the terms of their divorce.

Their disputes hinged, in part, on Moore's demands for spousal support, and Adams's refusal to pay it. Namely, Moore believed she was entitled to monthly payments of $37,000 in exchange for taking care of the couple's six cats and two dogs.

What's more, she may have been right.

Will your divorce decisions affect your taxes?

With the tax deadline behind us, it's unlikely that a lot of people have next year's taxes on their minds. But for couples presently going through divorce proceedings, it might be a good idea to at least consider next year's tax filing. That's because some of the decisions you make this year during divorce proceedings can change how you address your taxes next year.

Here is a list of five important decisions made during the divorce process that should take extra consideration if you do not want to negatively impact your filing status next tax season. 

Does a spouse have claim to an inheritance in divorce?

Most people say the worst part of getting a divorce is dividing assets and debts. Because of heightened emotions and hurt feelings, most people are typically worried about how much their spouse will get and whether they are getting a fair deal or not.

But for people with unique assets, like inheritance money, concern can go beyond how much their spouse will get, changing into concern over whether their spouse will have a claim to those assets at all. 

3 tips for effective co-parenting after a divorce

Deciding to end your marriage can be hard enough on a married couple, but when children are involved, the challenges can be even greater. While you may prefer to never interact with your soon-to-be former spouse again, the reality after a divorce involving kids is that you will likely have some degree of affiliation with your ex moving forward.

Consequently, it's wise to consider how you will learn to co-parent with your ex soon after considering a divorce. Making the transition as smooth as possible is typically the goal for most parents.

Luckily, there are some steps you can take to help your kids adjust to life in two separate houses.

7 tips for helping your children cope with divorce

Divorce can be extremely difficult for couples, particularly when one spouse has done something to hurt the other.

But, it is important to remember that divorce is even more stressful for children. Many kids, especially younger ones, feel like the divorce is somehow their fault. Or, they worry that their life will never be normal again.

The stress of divorce can post both short- and long-term impacts to a child's emotional and mental well-being. It's important to put a conscious effort into helping your children cope during this difficult period in their lives. Here are some tips that can help:

The impact of domestic violence on divorce

Divorce is rarely an easy process, and it can be made more difficult when there are abuse issues involved. If you're a woman divorcing your abusive husband, there are some things you can do to help make the process of ending your marriage easier on you.

Dealing with children during a divorce

Georgia parents who are thinking about getting a divorce may be understandably hesitant for fear of its potential impact on their children. While ending a marriage can be difficult for young children, it's possible to act in a way that provides for their well-being and avoids inflicting a needless amount of stress on them in the process.

A child's personal happiness is likely to be one of the most important concerns during a divorce. Children do not always understand the reasons why their parents are seeking a split, and a little consideration at this stage of the process can go a long way. Though one parent may hold quite negative feelings about the other, they should avoid voicing them to their child. Not only can alienating a child from one parent negatively impact their mental health, it can have great consequences during the divorce itself if the alienated parent accuses the other of wrongdoing.

Prenuptial agreements becoming more popular

More and more people in Georgia and around the country are deciding to enter into prenuptial agreements before they marry, with the agreements especially becoming more popular with millennials. There are several reasons why these agreements may be a good idea for those who are getting married, but they must be written in a manner that is legally valid in order to stand up in court.

The primary purpose of a prenuptial agreement is to provide a formal contract with which the parties can protect their assets and financial interests in the event their marriage ends. Even young couples without many assets may use prenuptial agreements to plan for future earnings and how those will be handled. Many young people also use prenuptial agreements so they won't be held responsible for their spouse's student loan debt if they later divorce.

Some financial aspects to look out for during a divorce

Georgia residents who are contemplating a divorce may be interested to learn more about how some problems can be prevented. The end of a marriage can indeed be a complicated affair, but an understanding of some of the most commonly made mistakes can go a long way toward mitigating whatever damage might arise.

Though divorce can be an emotional experience for all involved, emotions can also distract the attention from what's truly important. As such, one of the best means to avoid incurring damage from poor decisions is to see whether divorce mediation is advisable. This can also assist a divorcing couple in dividing their property in a satisfactory manner after each has delivered a complete accounting of their assets.

Email To Hear From UsEmail To Hear From Us