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

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

Georgia is an equitable distribution or equitable division state, maybe not a residential area home state.

Which means upon breakup a couple’s marital home is split equitable or fairly between your events. Marital home will not merely include marital assets, like the house that is marital vehicles and bank records, but marital property comes with marital debts, like credit debt and mortgages. With that being said, determining simple tips to divide a free account that could be simultaneously viewed as both a secured item and a debt might be very difficult.