Georgia Divorce & Finances
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UPDATED: Feb 27, 2020
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Separating out joint finances during a divorce can be a headache. How is property divided? What are the tax consequences? Are there estate planning issues that need to be worked out?
Will there be spousal support payments, and if so, how much and for how long? Following are laws specific to Georgia Divorce and Finances.
Georgia Property Division/Community Property/Debts:
Georgia is an equitable distribution state. This system of property division is also called common law or marital property, see Dividing Up Property in a Divorce: Community Property vs. Equitable Distribution.
Georgia Spousal Support:
Spousal support, called alimony in Georgia, is a regular amount of money that a court of law may order a person to pay to his or her former spouse after a divorce. Whenever the court issues a decree for the divorce, the court may also issue an order at that time that either the husband or wife pays for the support of the other spouse.
The court determines both the amount owed and the length of time it is to be paid (some alimony awards are permanent). The determination is based on numerous factors, including the education and earning potential of each spouse, the length of the marriage, the financial resources of the parties, and other factors.
Marital conduct is considered in alimony awards in the state of Georgia. Alimony may not generally be awarded to a spouse if that person is guilty of desertion or adultery.
You may need a lawyer to help you deal with the financial aspects of your divorce if you and your ex cannot agree. You can find a lawyer at:
Georgia Divorce/Child Support/Child Custody Lawyers:
Find an experienced Georgia Divorce Lawyer at AttorneyPages.com
Find an experienced Georgia Child Support and Custody Attorney at AttorneyPages.com
Post your case to a Georgia Divorce Lawyer