A spouse filing for divorce can sometimes catch the other spouse off guard.
This can be especially problematic for a spouse who did not take an active
part in financial decisions during the marriage. According to an expert,
it is usually women who end up in this unfortunate situation.
Georgia and Cobb County, Georgia, spouses should take note of this trend.
Even in this day and age, in which women have taken on a much more prominent
role in society, they still often defer to men about certain things. One
of those things is handling the finances. This can be challenging in adivorce
in which there is a significant number of assets and property. A female
spouse can be left playing catch up, caught unaware that there are debts,
tax liens and loans involved.
It can also become more complicated for divorcing couples who are over
50 years of age. After years of sharing a household and leaning on the
other person, a spouse will now have to support himself or herself without
the benefit of another person's income. To address this problem, the
expert advises women to be active in financial decisions. This serves
two purposes. A female spouse can help out during the course of the marriage
and in the event of a divorce, she can also be ready to deal with household
finances on her own.
Furthermore, the expert advises female spouses to keep their property in
their own name. In the case of a divorce, the property and assets may
not be subject to property division if kept separate throughout the marriage.
Georgia is an equitable distribution state, which means that marital property
typically will be split equally by the court in a divorce, but not always.
Keeping all of this in mind can be most beneficial for both Georgia and
Cobb County women and men. This can come in very handy, especially in
a high-asset divorce. This kind of divorce involves a large number of
properties, assets and finances, and therefore, the divorce may be complex.