The Siemon Law Firm
Honest Answers.
View Practice Areas

Post-divorce financial life: prepare for it during divorce

That above headline admonition seems rather obvious and self-explanatory, doesn't it?

Written any number of ways, its central message is this: if you're presently involved in divorce negotiations in Georgia or elsewhere, look past the drying ink on the divorce decree as you're working your way through dissolution-related money matters.

Because, if you don't, you're going to find out in a quite rude manner at some point down the post-divorce road -- if not immediately -- that you should have.

It's really all about equity, as well as the ability to stay financially afloat and secure in the new world that beckons following a marital split. Many couples often spend considerable time -- sometimes decades -- amassing assets of various kinds. A fair division of marital assets is thus a central focal point of many divorce negotiations.

What is a "fair" accounting? In Georgia, fair means equitable, which is not necessarily a 50/50 split.

The bottom line in a Georgia division-of-property matter pursuant to divorce is that a court will look closely at all the assets a couple possesses, with a fundamental focus being on whether an asset is deemed separate or marital property.

Although the latter is subject to equitable division in a divorce proceeding, it is not always readily apparent what qualifies as a marital asset. As one media article on divorce and money counsels, "Always listen to your legal counsel as to the laws that apply to your situation."

That article also advises readers to secure a recommendation from a proven family law attorney for an experienced estate planning lawyer.

Life goes on following divorce, and it certainly makes sense for a divorcing person to have an eye on the future by paying close attention to money matters during the divorce process.

No Comments

Leave a comment
Comment Information
Contact our Georgia Family Law Firm by calling 866-497-5134 or by completing this contact form. An attorney will respond within 24 business hours.

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

The Siemon Law Firm
347 Dahlonega Street, Building 100
Cumming, GA 30040
Phone: 770-888-5120
Fax: 770-521-4317
Cumming Law Office Map

The Siemon Law Firm
4555 Mansell Road, Suite 300
Alpharetta, GA 30022
Phone: 770-521-4316
Fax: 770-521-4317
Alpharetta Law Office Map

The Siemon Law Firm
3400 Peachtree Rd NE, Suite 555
Atlanta, GA 30326
Phone: 770-888-5078
Fax: 770-521-4317
Atlanta Law Office Map