A divorce can take a toll on your mentally and emotionally. This major life change can affect your finances as well. Once you decide to end your marriage, you and your soon-to-be-ex will have to make several decisions concerning property division. If you live in Georgia, working with a family law attorney and financial planner […]
Category: Property Division
What happens to your timeshare in a divorce?
Georgia residents can sometimes face an uphill battle when dividing assets during a divorce. Deciding what to do with your timeshare property doesn’t have to be too involved or difficult, however. You have a few options available depending on the parameters of your divorce. One spouse buys another out In this scenario, one spouse will […]
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How are retirement accounts divided in a divorce?
For many, protecting their retirement funds from excessive taxation is one of the most important things in their lives. However, all that can quickly take a back seat when a divorce occurs. During a divorce, especially in a state like Georgia where there is equitable distribution of marital property, you’ll probably have to deal with […]
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What happens with a business in a divorce?
For business owners, their own success and income is based on the success of their company. When business owners face a divorce, the process to accurately assess the business’s value can be complex. The process can also have high stakes, with business owners understandably worried about losing some of what they have worked so hard […]
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Taxes and property division in divorce cases
Most people who decide to get divorced in Georgia understand that they will have to divide the property that they have accumulated during their marriages. However, many of them do not give much thought to the potential tax implications of dividing their property. Understanding the types of taxes that might be imposed when taking different […]
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Divorce affects business valuation and credit card debt
Valuation of a business in Cumming, Georgia, and disputes over credit card debts commonly confront couples seeking a divorce. State law calls for an equitable division of marital property. Equitable does not necessarily mean a completely equal split if evidence warrants an adjustment to your divorce settlement. The law recognizes that many factors may justify […]
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Are you going to have to pay your ex’s debts in divorce?
Financial issues are one of the leading reasons that people get divorced. There is a broad range of financial issues that can lead to a couple ending a marriage. Someone with a gambling problem who destroys the family’s savings account, for example, could likely face divorce. Financial infidelity, or the practice of intentionally misleading your […]
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What happens to retirement plans in a divorce?
When going through a divorce, it feels like there are countless things to keep track of. Some jump to mind immediately – child custody and child support, property division, impacts on the business. But there’s one thing that is easy to overlook: the retirement plan. Yes, Georgia considers retirement accounts part of marital property, which […]
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How stocks are divided during divorce
Investments are an excellent way for a person to build their career, supplement their income or build a nest egg for their future. Divorce is a major obstacle for anyone’s future plans and can have a major impact on the future of a person’s investments. It leaves many people questioning what will become of their […]
What you need to know about dividing a home in a divorce
When you divorce, a shared life is split in two. Not only is your relationship over, but you must also divide all your shared property. You must decide who gets the china, the cars and the couch. Georgia is an equitable distribution state. All your marital property, which are most assets acquired during the marriage, […]
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