When you and your spouse make the decision to end your marriage in Georgia, the actions you take next may affect your life for years to come, or even forever. The right choices may not be immediately obvious, though. We at The Siemon Law Firm often provide advice to those who want to avoid potentially devastating missteps during the divorce process.
Dividing real estate during a divorce in Georgia may seem cut and dried if your spouse wants to keep the home and you do not. However, coming to this agreement may not be as important as determining whether this decision is worth the potential financial and legal tangle. According to the New York Times, assessing the value of the home and fairly dividing the amount of equity in it are only two of many issues to consider if your spouse decides to keep this marital property.
Even when two people make substantial incomes on their own, they may not be eager to end their marriage without a settlement that appears to treat them both fairly. Finally reaching an agreement may seem to be the end of the story, but how the parties honor their responsibilities as outlined in the final decree may make a difference in whether they are acceptable.
For many divorcing couples who have amassed a significant degree of wealth, mediation might not seem like the best choice. On first blush, it would appear that a high-asset divorce should be more contentious, and the courtroom would be the only appropriate venue for a divorcing couple to battle over every detail.
Considering division of property in divorce, most people think of things like homes, cars, jewelry and other tangible items. However, there are other assets that are just as important in divorce: Virtual assets.
Identifying and valuating all the assets you and your spouse have accumulated during your marriage in Georgia may be a complex process involving a variety of professionals. We at The Siemon Law Firm have answered many questions about how the court may approach the division of marital property based on many factors in your marriage, and the strategies that couples have used to reach a fair settlement.
The challenges of running a business and those of going through a divorce may magnify each other if you and your spouse share ownership of a company. While ideally, you would have prepared for this contingency when you began the business, or before you entered the marriage, the lack of a prenuptial agreement does not necessarily eliminate all hope for a positive outcome.
When we watch others go through divorce, things may seem pretty simple and straightforward. They file for divorce, negotiate the terms and wait for the judge to sign off. Before you know it, they are off on a weekend trip celebrating their split.
"I'm 63 years of age and I can't be living like this," says now talk show host Sharon Osbourne. She is talking about her marriage with well-known rocker Ozzy Osbourne. The couple has been married for more than 30 years and is reportedly at the beginning of a divorce that's already making headlines.
Every divorce in Georgia or elsewhere in the United States includes dynamics that are unique to the couple. However, if your spouse is a foreign national or has dual citizenship, U.S. family law may not be the only legal factor that applies to your situation. At the Siemon Law Firm, we are aware of the importance of identifying the laws in a spouse’s home country to determine the impact they may have on a divorce involving international assets.