Alimony
Advocating for Fair Spousal Support Terms
The BKBM family law team handles every aspect of divorce including alimony issues. We aggressively pursue the best possible financial terms for our client with the goal of protecting our clients’ ability to maintain a reasonable standard of living and financial stability. Every case is different, and the client’s needs and individual circumstances are of paramount concern as we strategize to achieve the best alimony terms possible.
Alimony Eligibility in Georgia Courts
Georgia law provides general guidelines for determining alimony without any specific formula. An award of alimony is based on one spouse’s needs and the other spouse’s ability to pay. The courts consider the unique circumstances of each couple in each case. Our experienced attorneys can help you focus on the factors most helpful to you in determining a fair amount of alimony for your case. Some of the factors that the court will consider include the following:
- Earning capacity of each spouse
- Financial resources available to each spouse
- Contributions each spouse made to the marriage and family
- Standard of living enjoyed by each spouse during the marriage
- Length of the marriage
- Age of each spouse
- Conduct of each spouse during the marriage, including causes of the breakup of the marriage
Not every divorce in Georgia includes an order for alimony. Whether you receive alimony and the amount ordered is discretionary in Georgia. The BKBM family law team is a strong advocate for our clients whether in settlement negotiations or at hearings and trial.
Tax Consequences of Alimony
The IRS views alimony as income. Therefore, the payor is permitted to deduct spousal support from taxable income. Conversely, the recipient must report the amount of support on federal income tax returns. Except under specific conditions, the IRS does not allow individuals to deduct division of assets as a loss. The tax consequences of alimony are just one of the issues Bovis, Kyle, Burch & Medlin, LLC considers when negotiating a divorce settlement.
Get the Help You Need from Assertive Divorce Lawyers in Atlanta
Learn more about alimony laws in Georgia. Call the law firm Bovis, Kyle, Burch & Medlin, LLC at (770) 391-9100 or contact us online .