Parents of teenagers in Georgia know just how emotional their children can be at this age can be. While at the height of their need thus far to pull away from moms and dads to establish their own identities, teens simultaneously continues to need parental love, support and stability. A divorce can rock a teenager's world. How can parents help their kids at this age through such an event?
Helping teens through a parental divorce
When and how to talk about a prenup
If you have been divorced before, you know better than some other people in Georgia about just how deeply the effects of a marriage's ends can run. Even if you have never been married or divorced before, you know doubt have heard horror stories about other people's divorces. When it is time for you to get married whether for the first or a subsequent time, you should make financial conversations a priority.
Too many divorcing millennials undervalue their 401k and IRA accounts.
Many young couples don't put much value on the retirement accounts and savings that are divided in divorce. For many in their 20s and 30s, items like houses and vehicles are seen as more important than the IRAs and 401k accounts.
Reassess your financial priorities after divorce.
Everything changes for most people during a divorce. Most people take time to reassess many aspects of their lives once they get through the divorce process. One of the most important aspects of this reassessment involves your finances.
Tips for a high-asset divorce
Are you facing an impending divorce in Georgia and know that you and your spouse have a sizeable estate that will need to be divided? If so, it will be important for you to know what pitfalls to avoid and what things to focus on in order to ensure that you do not get shortchanged in your property division settlement.
What should I know about a home appraisal in a divorce?
If you are part of one of the many homeowning couples in Georgia who is facing an impending divorce, it will be important for you to know about your options related to your home. First you will be tasked with deciding whether or not to keep your home or to sell it. Either way, you will likely need to have it appraised as part of your overall property division settlement. Forbes explains that all home appraisals may not be created equal.
Helping young children during a divorce
Are you the divorcing or separating parent in Georgia of a child under the age of five? If so, you will want to learn how to best help your child during the transitions that he or she will be experiencing as you get separated or divorced from your child's other parent. Even with a limited ability to understand what is happening, your child will be keenly aware of the fact that life is changing.
Women Seem To Be Better At Handling Their Finances After a Divorce
Surveys conducted by CPA financial advisors show that more than three quarters of retirement age divorcees could improve on the way they handle their finances. There has been a steady increase in divorce rates of couples over 50 since the 90's, which has led to more adults scrambling to achieve financial security for their retirement years.
Trends in millennial divorces
For Georgia residents of any age or generation, a divorce is generally an emotionally and a financially life-changing event. However, the way in which people in different age groups approach divorce may well be different. The millennial generation is finally coming to an age where some have not just gotten married but are actually now getting divorced.
Protect your business ownership in divorce
If you are like most successful entrepreneurs and other business owners, the business itself represents your life work. It is one of the most important aspects of your life, something you want to protect against any attacks and challenges.
