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Alpharetta Family Law Blog

What are some signs of a spouse hiding assets?

Georgia residents who have heard people talk about spouses that hide assets just before or even during a divorce might wonder what this really looks like. Do you think you would know if your husband or wife was doing this? Why would they do such a thing?

Forbes explains that the attempt to hide or undervalue assets is generally done so as to prevent losing assets during a divorce. Imagine your marital estate would eventually be split evenly if you got divorced. The lower the value of the estate, the less you would get. Similarly, the higher the level of debt your marital estate owed, the less you would ultimately receive. For this reason, some spouses actually try to show higher amounts of debt as well as reduced assets.

American's rate of divorce may be lower but challenges remain

Georgia residents who are dating and considering marriage or perhaps who are married and contemplating divorce both understandably may wonder exactly what a divorce might really mean for them. In thinking about divorce, some people look around to see how many others are going through this experience as well.

A new study released by experts in Ohio at Bowling Green State University indicates that there may be fewer people in America getting divorced today than in past decades. The rate of marriage and marital breakdowns does vary state by state, however. The rate of marriage and divorce in a single state does not always have to be consistent. For example, Utah's data shows that it has the highest rate of marriages in the nation. Utah's divorce rate is somewhere near the middle being higher than that of approximately four out of every 10 other states.

Do I need a QDRO when getting divorced?

Are you and your spouse planning to get divorced in Georgia soon? Are you perhaps in the midst of a divorce? If so, you should learn what a Qualified Domestic Relations Order is and when you might actually benefit from using one in your divorce.

As explained by the U.S. Department of Labor, a primary reason to use a QDRO is to legally and effectively split one spouse's retirement account between both spouses. This may happen as part of your property division settlement. The QDRO may be used for the division of specific plans as per the Employee Retirement Income Security Act of 1974 and the Internal Revenue Service Revenue Code of 1986. A company-sponsored 401(K) is one type of account commonly split that would utilize a QDRO.

Using apps to help coparent after a divorce

If you are a divorcing Georgia parent, have you wondered how you will be able to work with your former spouse to raise you kids not just during your divorce but even once your divorce is finalized? If so, you are not alone. Coparenting after a divorce is not always easy but finding ways to do this is good not just for you but for your kids as well.

The Online Mom indicates that technology may well have some tools to help you out. It is no surprise that communicating with an ex spouse can be a challenge. What should be simple conversations can often escalate into arguments. One person may misunderstand another person's message and then important events may be missed. Online sites or apps can help address these problems.

How can I tell my kids I'm getting divorced?

If you and your spouse are considering getting a divorce in Georgia, one of the things you're likely concerned about is how your kids will feel when they find out. Knowing when and how to let children know about a parental divorce is never easy but there are some things you can do to be prepared to help your children through it.

One of the most important things you and your to-be former spouse should do is find a way to deliver the message to your family together. Parents.com suggests that this lets all of your kids see the two of you still as some form of a team in raising them and that can breed some security for kids through such a transition. You will want to find a time to talk with your kids when there are no other time constraints so that they will be able to ask questions if they wish.

Benefits of a postnup for stay-at-home parents

Georgia couples who make the choice after they are married to have one spouse stay home to raise the kids too often overlook the importance of a postnuptial agreement. Choosing to raise one's children is indeed a positive thing but it can come with a price - literally.

Daily Worth indicates that a study by the Institute for Women's Policy Research indicates that both men and women can expect significant salary drops just by taking even one year away from the workforce. In fact, men's salaries drop by even more than women's. After two to three years of not working, a man can expect to earn roughly 35 percent less than he did before taking the time off. A woman can expect a drop of about 30 percent.

Prenup mistakes to avoid

More and more couples in Georgia today are taking advantage of the benefits that a prenuptial agreement can offer. However, when entering into any legal contract it is important to ensure that the contract is valid if and when it is ever needed. A prenuptial agreement is a contract like any other yet many people fall prey to some common errors that leave them without the protection they thought they had if they ever get divorced.

Perhaps one of the biggest missteps is signing a prenup too soon before getting married. The Huffington Post indicates that this can be a red flag that one spouse may have been forced into signing the agreement. Coercion or signing a contract under duress could result in the nullification of the agreement.

Helping kids through the holidays after a divorce

While many Georgians are eagerly anticipating the holiday season, you may be concerned about how you can help your children if this is the first set of holidays since you got divorced. Even if you have a clearly identified parenting plan that outlines which parent your kids will be with on what days, you know that all of your choices are not made.

How will you spend the time you have with your kids? Will you continue to do some of the activities that your family did when you were married? Psychology Today suggests that parents should consider carefully what traditions they will continue and what new traditions they may be able to create. Another option that you may be able to consider is continuing some of your kids' most loved activities with you and your former spouse together. This, of course, should only be done if the two of you can work positively together and ensure the experience will be conflict-free for your kids.

Know your rights as a father during separation

Many fathers fear losing their kids during separation with their spouse. Courts can have a tendency to be biased against fathers. Due to these social biases many men will give up their parental rights during separation and divorce without knowing the facts. It is important for fathers to understand that they have equal rights under the law.

Many men assume that the mother has a legal upper hand and will reluctantly leave their kids with her during separation. If you have not set foot in court yet then know that fathers and mothers have equal custody rights at this time. You have the right to:

How can I help my school-aged child understand divorce?

If you and your spouse have decided to get divorced and you have school-aged children, you will need to figure out how to break the news to the kids. Many other Georgia parents have struggled with the best ways to do this. While every child and every situation is unique, following are some tips from BabyCenter that can help you through the process.

One of the cardinal rules you should follow is to not say anything to your child about your divorce until you know for sure you are getting one. Letting kids know about the possibility of such a change only puts undue stress on them. Their minds are likely to come up with all kinds of potential scenarios that may in the end be worse than the actual reality. You can prevent this angst for them by waiting until you have something concrete and definite to say.

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