Financial Requirements after Divorce in Atlanta, Georgia
Divorce is full of emotional decisions and often causes both parties to be stressed for a long period of time. All of these emotions and stress can lead to irrational decision making that does not adequately meet your needs for the future after the divorce is finalized. When going through the divorce process it is imperative that you make decisions that will well serve your financial needs in the future. At Bushnell & Drye, LLC, we have an experienced legal team who can help you determine what your future needs are and how to meet them after the divorce is finalized.
Marriage dissolution is very similar to dissolving a business. Assets and property must be split equitably between the parties, as well as any debts. However, many marriages are financially lopsided. This means that one spouse usually makes more than another or that a spouse came into the marriage with more assets than the other. The attorneys at Bushnell & Drye are here to make sure that the assets are split correctly between the parties involved.
Financial Awards in Divorce
Georgia allows for both spouses to get financial remuneration in the divorce, through splitting the assets and sometimes maintenance payments for a period of time. In order for the court to award certain financial benefits, the spouses both need to know what their respective finances are and what the finances of the other spouse are. You will also need to estimate what your finances will be like once the divorce is final. To accurately value your assets you will need to review which spouse owns the family home, any vehicles, valuable object, family heirlooms, and any other financial assets like stocks, bonds, pensions, and investment portfolios.
Seeking the counsel of an attorney to help gain a full picture of your finances and how your finances will be effected by divorce is an important first step in your Georgia divorce. At Bushnell and Drye, LLC, our legal teams works with clients to help them with all aspects of the divorce. Our attorneys work with clients individually to try to develop a plan that suits their unique circumstances. We recognize that each individual needs to have enough financial support to live on and to support their children with, so we try to represent their interests in their divorce.
In developing this plan, our Atlanta divorce attorneys will need to look at all of the financial assets and debts a client has presently and estimate what will be left after the divorce is over. This means obtaining valuations of property, settlement payments and annuities, projected court-ordered payments, and any debts the client must pay. Our legal team with consult with various financial professionals when necessary, including accountants, forensic accountants, financial planners, and investment advisors, to answer any specific questions the client may have about their financial situation.
Ease Your Mind
Dissolving your marriage is an emotional and complex decision. You may have no idea how to divorce your spouse or how the divorce proceedings will turn out. The Georgia divorce attorneys at Bushnell & Drye have the knowledge and experience to protect and represent your interests throughout the divorce proceedings. Our legal team will work with you to win a positive outcome for you. To schedule a consultation and speak to our experienced Georgia divorce attorneys.