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Georgia Family Law Blog

High-asset divorce: 3 things you do not want to forget

There are numerous aspects of a divorce that can substantially complicate the process. While many states aim to give parents an equal amount of custody with their children, Georgia has fallen well behind the pack. In fact, research shows that Georgia ranks 46th on a list of dad's custody time, with fathers having an average of 23.5 percent of custody time with their kids. 

Child custody is merely one aspect to consider, but property division is very important as well, especially for wealthier couples with more assets. Here are a few factors for both parties to consider if they share considerable assets with one another: 

What happens to all our personal property in a divorce?

Property division in a divorce doesn't just refer to expensive, large properties like homes, cars and retirement accounts. Divorcing spouses must also divide personal property. Personal property includes everything inside a home, from electronics and jewelry to wedding china and furniture.

During a divorce, parties must decide what to do with all this property. Generally speaking, this will mean putting them into one of three categories: keep, sell or donate/throw away.

What should we include in our parenting plan?

If you and your former spouse or partner agree to raise your children together after you end your relationship, then you will need to have a parenting plan in place. This plan establishes the rights and expectations for each parent in terms of legal and physical custody.

Because these documents are so important, you should know what people typically include in them so that you can prepare for an upcoming custody discussion or legal proceeding.

4 signs you need a prenuptial agreement

The idea of creating a prenuptial agreement can be a little uncomfortable for people who are planning to spend the rest of their lives together. They might feel it is unnecessary or may not know how to broach the subject with their partners.

As a result, people often shy away from talking about a prenuptial agreement. However, there are some indications that having a prenup could be in your best interests such as the following scenarios:

3 things to know about dividing a business in divorce

Divorce is painful and complicated enough without any further factors to take into consideration. If you and your ex were also in business together, this can make your split even messier, but it does not have to be a point of contention. Couples who are separating and wondering how to deal with their business have several paths they can take for resolving the issue amicably and effectively.

Consulting with a legal representative is a good first step to determine your options following a separation. In the meantime, you should know the following three facts about businesses and divorce. Consider this information when you are wondering how to handle your business interests:

Assets to protect during a divorce at any age

Too many people make the mistake of assuming that divorce is the same process for everyone. However, no two divorces are the same. They vary based on parties' reasons for divorce, as well as family and financial situations.

Age can also play a considerable role in a Georgia divorce, as it can affect people's priorities and the types of assets they want to protect during the process of dividing property.

State Bar of Georgia Rated by superlawyers Rising Stars Tera L. Reese Beisbier Superlawyers.com Forsyth Country Bar Association

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Cumming, GA 30040

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