During a divorce, a Georgia couple may make a number of decisions regarding the division of their marital property and how much in alimony one spouse may pay. Under the current tax laws, alimony is deductible by the payer and taxable to the recipient. However, this will change starting in 2019.
One of the ramifications of a divorce is the negative impact it can have on one's finances. For Georgia parents who want to send their children to college, this can be a concern. However, there are certain ways they can plan effectively.
The end of a marriage can be a sad and trying event in someone's life. If the divorce is initiated due to one partner's infidelity, this is even truer.