Impact of 401(k) Loans on Equitable Division in Georgia Divorce

Impact of 401(k) Loans on Equitable Division in Georgia Divorce

Georgia can be an equitable circulation or equitable unit state, perhaps maybe not a residential area property state.

This means upon divorce proceedings a couple’s marital home is split equitable or fairly amongst the parties. Marital home will not simply consist of marital assets, including the house that is marital vehicles and bank reports, but marital home comes with marital debts, like advance america number personal credit card debt and mortgage loans. With that said, determining just how to divide a merchant account that could be simultaneously regarded as both a secured asset and a debt may be very difficult. Leer más