Good Finance Map Key To Success in Georgia Gray Divorce
Posted on Jun 23, 2012 12:00am PDT
When most imagine a couple going through a divorce, the likely image that
comes to mind is someone young or middle-aged. When a marriage has lasted
20 or more years, the anticipation is that the couple is likely to stay
together. Recently, the opposite has begun to prove true. In Georgia and
across the country, divorce among long-term married couples seems to be
becoming more common.
Divorce between the ages of 50 and 60 may offer an opportunity to spice
up the life of some, but others can end up feeling lost and alone. Division
of marital property may be just the tip of the iceberg in terms of issues.
While only one person may have filed for the divorce, both will face the
same obstacles as the marriage comes to an end. It becomes all the more
important then for both parties to work together to make sure they are
both able to manage on their own.
A few issues those going through a later-in-life divorce are likely to
experience include will rewriting, dividing pensions, estate planning
and understanding existing medical benefits. In addition, many couples
may have acquired significant assets - or debt - during marriage that
will need to be divided in divorce.
While this all seems easy enough, there are many obstacles to overcome.
It can be easy to accidentally overlook details.
Unfortunately, many couples at this stage in life do not bring in the income
they used to. Adding to the stress is the fact that a divorce is not exactly
planned for in the monthly budget. Even if a couple seems to agree on
most or all issues, making for a possible uncontested divorce, - the details
may end up taking more time and effort than expected. Taking a long-term
view to the process can help overcome any short-term struggles that might
develop over elements of the settlement.
Of course, knowing how Georgia law applies to an impending divorce can
help couples properly plan and find a successful resolution. Working with
an experienced attorney and financial professionals as part of the divorce
process is advisable to ensure that both parties exit their relationship
on firm ground.