Margaret Gettle Washburn, P.C.
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Posts tagged "Divorce"

Major reasons why a marriage ends in divorce

Although many Georgia couples are committed to trying to make their marriage work, there is a high chance that they will end up getting a divorce. In fact, according to the Centers for Disease Control and Prevention, 22 percent of couples will either get separated, divorced, or in some cases, end with the death of a spouse within the first five years of marriage. When it comes to separation or divorce, there are several reasons why this may occur.

Divorce may be the best choice when marriages become toxic

Choosing to end a marriage is rarely a decision that is taken lightly, and married couples in Georgia will generally try to work through their problems before taking legal action. However, there are situations where delaying divorce proceedings could place spouses or their children at risk either emotionally or physically. Spouses sometimes remain in relationships that are broken beyond repair because they hope that things will get better, but research suggests that this can often do more harm than good.

Financial benefits of getting a divorce

The divorce process can be difficult for many estranged Georgia couples, especially when it comes to finances. In many cases, it can be expensive, causing people to walk away with fewer assets than they had when they were married. However, there are some financial benefits to getting a divorce.

Taxes after divorce

When a Georgia couple divorces, both spouses will have to make some significant adjustments. Personal finance is often a concern for the recently divorced, particularly in the area of taxes. Once the marriage ends, there will be changes in how each spouse will file their taxes and what they can expect their tax liabilities to be.

Occupational choice and divorce

When couples in Georgia get married, they generally anticipate staying together forever. However, circumstances and people change over time. In some cases, a once happy couple may find themselves having difficulties that prove impossible to resolve. Some occupational choices can exacerbate the chance of divorce, according to a recent study.

Post-divorce financial concerns for women

When Georgia couples get divorced, chances are that ex-wives will have a harder time than ex-husbands when trying to adjust to their financial lifestyles. According to data compiled by the United States Bureau of Labor Statistics in 2013, the median salaries of divorced women tend to be 20 percent lower than those of married women. Even though women continue to earn less than their male counterparts, married women earn nearly 10 percent more than single men.

Why prenuptial agreements may be a good idea

While some Georgians may be taken aback when their fiancés tell them that they want prenuptial agreements, there are good reasons for agreeing to at least discuss them. Prenuptial agreements may protect the financial interests of both parties in the event that their marriages end in divorces. They may also serve other important functions so that the parties may have clearer understandings of the expectations that they both have.

Halting a divorce to prevent a loss of health care

Although it is always difficult for Georgia couples to determine that divorce is the best option, some are halting their plans due to the uncertain future of healthcare. If the ACA is repealed, for example, some people may not be able to get healthcare insurance if they get divorced.

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Margaret Gettle Washburn, P.C.
4799 Sugarloaf Pkwy
Building J
Lawrenceville, GA 30044

Phone: 770-676-1191
Fax: 770-963-2828
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