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Bankruptcy and Property Division in a Divorce

Many Americans have debts of all kinds, whether it be student loan debt, credit card debt, auto loan debt, etc. Individuals who encounter unexpected financial setbacks often fall behind on paying their debts, which begins the unpleasant collections process. For debts that are truly insurmountable, bankruptcy offers debtors a fresh start by allowing them to liquidate their debts or create a more manageable payment plan. However, bankruptcy...

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Woodstock Divorce Lawyers Explain Adultery and Divorce in Georgia

It can be devastating to find out your spouse has been unfaithful during your marriage. For most couples, adultery is an irreparable breach of trust. As a result, most states recognize adultery as grounds for a married couple to seek a divorce. If you live in the Atlanta metro area, however, it is important to consult a knowledgeable and experienced Woodstock divorce lawyer before filing for divorce on grounds of adultery. Georgia law...

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Alimony Payments Are No Longer Tax Deductible. What Does this Mean for Your Divorce?

For decades, alimony payments were tax-deductible. If you agreed to pay alimony as part of the divorce process (or if a court ordered you to pay alimony in a contentious divorce), you were entitled to deduct your payments from your gross income on your federal tax return. As of 2019, this is no longer the case. For divorces finalized after January 1, 2019, under the Tax Cuts and Jobs Act alimony payors are not entitled to a tax deduction....

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Getting Divorced? Make These Important Estate Planning Changes

The things that make up a marriage – love, trust, respect – are usually long gone well before the judge signs the final judgment for dissolution of marriage at the end of a divorce. But before a divorce proceeding is filed and while it is pending – which can be for years – a lot doesn’t change, such as the beneficiary of your insurance policy, the person who gets to make health care or financial decisions for you if you become...

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