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 steps to ensure a smooth division of the family business. The initial step […]
How to split a business when a marriage ends Read More »
One way to work through the hardships of divorce is to remember why you’re getting one in the first place. When you’re having trouble feeling positive about this change, try to remember some of the better things the divorce will do for you. Gaining independence Gone are the days of relying on your spouse. At
The positive impacts of divorce Read More »
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 difficult to document it. But when marital assets include virtual currency
Addressing unique cryptocurrency problems related to divorce Read More »
With the passage of the Tax Cuts and Jobs Act, Georgia parents can no longer use the personal exemption when filing their tax returns. However, they can take twice the amount for the child tax credit, $2,000 instead of $1,000, along with the Dependent Care Credit. Problems may arise if the parents are divorced and
Claiming children as dependents on taxes after divorce Read More »
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 initially referred to as gray divorcees. Although
High-asset gray divorces may necessitate legal counsel Read More »
When Georgia entrepreneurs start a business, they can include language in the company’s organizing documents that specifies that if there is a divorce, the business cannot be transferred to their spouse. However, if the person has already started the business, a pre- or post-nuptial agreement may also offer protection. The agreement can establish that the
What may happen to a business in a divorce Read More »
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