What is separate property in Georgia?
Separate property in Georgia is property that is not subject to division as part of the divorce. This could be because that property was acquired through inheritance or through gift or is property that either party had prior to the marriage. It’s the burden of the party claiming separate property to prove that it… Read More »
What is marital property in Georgia?
Marital property is all property that’s earned or acquired during the marriage. This could be income from employment, retirement accounts, or otherwise. Exceptions to marital property would be gifts or inheritances. It’s important to discuss the nature of all the property with your attorneys so that it can be properly classified and accounted for… Read More »
What is equitable distribution in Georgia?
Equitable distribution in Georgia is the standard by which marital assets and liabilities are divided. That doesn’t necessarily mean 50-50. It means what’s fair and equitable under all of the circumstances of your individual case. That’s why it’s important to work with your attorney to make sure you have an inventory of all the… Read More »
How is property divided in Georgia?
In Georgia, all marital property is to be divided equitably. The law states that equitable means what’s fair and reasonable under the circumstances, not necessarily 50/50. Accordingly, it’s very important that you work with your attorney, to come up with a complete accounting of all of your marital assets, to make sure that each… Read More »
How are debts divided in Georgia?
In Georgia, debts, just like assets, are divided equitably. Equitably doesn’t necessarily mean equally. It means what’s fair under all of the circumstances. It’s important to make a full accounting of all of your debts with your attorney so that you can make sure these are divided fairly and appropriately as a part of… Read More »