Planning and celebrating the perfect wedding could be quite expensive. Many Georgia couples gladly take on debt to pay for it. Unfortunately, spending more than they can afford may be a predictor of divorce. A new study by LendingTree found that nearly half of all couples between the ages of 18 and 53 take on debt to pay for their wedding expenses. Almost half of them contemplated divorce in the first two years of marriage.
Some people in Georgia may be aware of the divorce of Amazon CEO Jeff Bezos from his wife of 25 years, MacKenzie. On July 5, a judge finalized the dissolution.
Hip-hop music fans in Georgia and around the country likely know Dimitri Roger by his stage name Rich The Kid. The 26-year-old rapper is being sued by his former landlord's attorney for posting her telephone number on social media platforms, and he suffered another legal setback recently when a judge ordered him to pay $11,000 per month in child support to take care of his two children.
Georgia parents may pay more in child support than parents in comparable income brackets one state away in Florida, and parents in both states may pay more than those in Tennessee. The company Custody X Change used hypothetical divorced parents of two children with an income of $55,000 for the noncustodial parent and $45,000 for the custodial parent to arrive at what it called "typical" child support amounts for each state.
The financial effects of divorce can last long after most of the emotional and practical issues surrounding the end of a marriage have been resolved. This is especially true for business owners in Georgia, who often have unique concerns about how to protect their companies. In many cases, the family business is the marital asset with the highest value, even outstripping other items like the marital home, investment accounts or retirement funds. Therefore, negotiating a solution on property division is often based on resolving key questions about the business and its future.
It can be difficult for anyone to deal with a narcissist or those who display other challenging personality traits. However, even narcissists may be entitled to visitation or other rights to their children. Ideally, parents in Georgia and elsewhere can adapt to their situation and do what is best for their sons or daughters. For instance, it may be best to limit how much contact a controlling or abusive parent has with a child.
With summer drawing nearer every day, kids are itching to get out of school. And parents are busy planning for how they will take care of their children after school is out. They might even be looking forward to some time off with their family as well.
Georgia spouses who are thinking about separating should take steps to gather as much financial information as possible before signing the divorce papers. This will help each partner be financially prepared for life after divorce.
Divorced parents in Georgia might feel like the pressure to communicate and coordinate activities for their children eases with the arrival of the teenage years. Growing independence among the children, especially if they are driving, could cause parents to drift into ineffective parenting behaviors like relying on teens to relay messages to the other co-parent. They might also assume that the other parent knows what their kids are doing.
A business that is owned by both people may be the most valuable and complex asset some Georgia couples have to deal with in a divorce. Their choices are to keep or sell the business, but there could be other factors that affect the decision.