Unfortunately, when a divorce becomes contentious, particularly a high-asset divorce, it is not uncommon for a spouse to hide assets. Many Marietta residents think that their soon-to-be exes would never do such a thing, but divorce can bring out the worst in people. In order for the property and asset division process to be fair, it is critical for all assets to be accounted for and properly valuated.
Many spouses who consider divorce in the current economy face questions about either spouse's ability to keep a house that is worth much less than it may have been several years ago. Marital property division can be difficult under the best of financial circumstances, but negative equity in the family home can pose challenges if the house is the couple's primary asset.
For some people, divorce is a bitter and gruesome battle, and ex-spouses never speak with each other again. That is the scene many people picture when they imagine divorce. The concept leaves a bitter taste in people's mouths, and it makes them reluctant to admit they are considering divorce.
When people think about the decisions many celebrities make, we often regard them as good examples of what not to do. Some celebrities seem to assume that they have so much money that they can afford to be financially careless.
Couples in Georgia who are working through divorce tend to face challenging emotional battles. Legal experts say that conflicted personal feelings often get in the way of negotiating logical and objective high asset divorce settlements.
Separation and divorce for Georgia couples, like anywhere else in the U.S., can be an emotionally painful process, especially when a marriage has been long-term. For an ex-governor and first lady, the process is also public.
Anytime a couple divorces, there are numerous elements that must be considered. Couples in Marietta must consider matters related to parenting plans and asset division. However, couples who have large or complex assets also have additional matters to consider.
Divorce involves the separation and negotiation of many aspects of life. If a couple runs a family business, the decision must be made as to whether they will remain business partners after their divorce. If this is not desired or possible, there are measures that can be taken to avoid dividing the business during a high-asset divorce in Georgia.
In our last post, we talked generally about the mistakes some women make with their alimony payments. Rather than using the money as an investment into their futures, many women are careless with their funds, and they blow through large settlements in a short amount of time.
We live in an age in which divorce is an ever-common occurrence. However, with the end of marriage, many individuals also develop a sense of entitlement - an expectation that an ex spouse will continue to support them financially. Alimony (also called spousal support) is a financial payment that may be awarded to one spouse to help him or her maintain the style of living to which he or she has is accustomed to.