Archive for February, 2015

One Million Per Month for Child Support ?

Posted on: February 27th, 2015

When it comes to divorce settlements, a good family lawyer knows that child support can be a huge factor in the Child Supportdivorce agreement. Recently, the estranged wife of billionaire Ken Griffin asked a court to grant one million dollars per month for child support for their 3 children, ages 2, 4 and 7.

Dias Griffin is basing her request on an Illinois law what says children of divorce “are entitled to continue the lifestyle they enjoyed during the marriage.” According to her budget, the money is necessary. She plans to spend $14,000 on food for the 3 children, $160,000 on monthly vacations, and don’t forget the thank you notes that will be sent on $2,000 per month in stationery.

Mrs. Griffin has also asked the judge in the case to nullify her pre-nuptial agreement that Mr. Griffin had her sign the day before their 2003 wedding. She reported to the court that it was signed under duress and only gives her 1% of his estimated net worth. That 1% happens to be $50 million dollars.

In our family law practice, we try to help our clients get the necessary support to continue to keep their children in the same standard of living they were used to during the divorce. Although there is no standard amount for child support, our partner, Jeff Cleghorn, gives a brief overview about how child support is calculated in the state of Georgia. If you want to discuss your child support needs, please give us a call today!

Causes of Divorce: Finances | Atlanta Divorce Lawyers

Posted on: February 13th, 2015

Money on a hook   As Atlanta divorce lawyers, we handle divorces each year that are caused, in one way or another, by financial problems. According to a recent article in Daily Finance, “financial infidelity” is on the rise and can have an enormous impact on the health of marriages.

In a recent survey of Americans, it was reported that 1 in 3 people have lied to their partner about money. In addition, 76% of those surveyed said that financial deceptions had an impact on their relationship. Knowing that deception has such an impact on relationships, it is surprising that 1 in 3 will still lie to their partner about a financial issue.

Author, wealth strategist and relationship coach, Paul Mourigat, says that the “two most common forms of financial infidelity are squirreling away substantial sums of money to be spent on a guilty pleasure and hiding payroll records from a spouse in order to control information and perceptions.”

When one spouse is hiding money, it breaches trust between the couple. In addition, it also makes it very difficult to get an accurate picture of marital assets that will lead to a fair and equitable division of marital property in a divorce.

Of course, “fair and equitable” doesn’t necessarily mean a 50/50 split. According to attorney Jeff Cleghorn, consideration is given to a variety of factors and at the discretion of the judge presiding in the case. It also means deciding how debt will be divided. This can be a big factor when one of the parties has been secretly spending and keeping debt hidden from their spouse.

When financial infidelity or disagreements on spending take their toll on a marriage to the point that a couple wants to permanently separate, our Atlanta divorce lawyers can help. We will work to create a settlement agreement that is fair and equitable. Our team will work hard to help you get a fresh start on the next chapter of your life.