abbott's blog

Disentangling your life from your former spouse’s takes time and effort, and if the two of you share a child together, you need to give additional thought to your child’s future. While you and your ex work through custody and child support arrangements, you can also use this time to hash out a plan to finance your child’s higher education.

Asset division in a divorce can become complicated very quickly when company shares and stock portfolios represent significant portions of marital property. Depending on the status, type and vesting schedule of stocks, this could have important implications in how assets are divided.

Types of stock options
In a high asset divorce, the types of stock options that are part of your marital assets might include:

After a divorce, finances may get tight. You have to run the same household on half the budget. If you have physical custody of your children for the majority of the time, this makes things even tougher, but that is why the court awarded you child support.

Not everyone is fortunate enough to grow up in a secure and happy home. Family members must sometimes step in to provide the basic building blocks of a child’s needs. Grandparents and relatives are often left to take up the slack for noncustodial parents.

Part of the property division process during your divorce in Georgia includes dividing any debt. This is often a complex process because you secure a debt with a contract. This introduces a complication because the court cannot change agreements with creditors. However, the court can still divide debt and order you to pay the debt, even if it is not in your name.

In Georgia, property and assets are usually not divided evenly during a divorce. Instead, Georgia law focuses on the idea of equitable, or fair, distribution of property and assets.

There are various factors that a judge uses to fairly distribute property and assets during a divorce.

Divorce does not always happen when you are in your 20s or 30s. Sometimes, you may stay married for decades before you make the decision to end your marriage in Georgia. For those divorcing later in life, the term gray divorce comes into use. The special term helps to distinguish a longer marriage from a shorter one. Plus, it also refers to the age of the couple.

When you have decided to end your marriage, you may wonder whether you should be the first to file divorce paperwork. Even when spouses make a mutual decision to separate, filing the initial petition carries certain advantages.

Consider these benefits of filing first when preparing to divorce in Georgia.

If your legal custody and parenting agreement no longer fits your family’s needs, either parent can seek a modification in Georgia. After the court approves your initial parenting plan, you can request a change in visitation or parenting time once every two years. Children older than age 14 can also make this request once every two years.

To change a custody order, however, the parent requesting the change must prove that a significant change in the circumstances of the family impacts the child’s best interest. This impact can be positive or negative.

One of the most heartbreaking reasons that people wind up ending their marriage is because of domestic violence. When you fall in love with someone, you may overlook the warning signs of a bad temper or abusive habits. Abusive people often intentionally suppress their worst impulses in the early stages of a relationship. By the time you realize how bad things are, you are probably very dependent on your ex.