Assets are one of the areas that can cause stress in a divorce, particularly if there is a home, savings, retirement accounts, and/or debt involved. Knowing how the Equitable Division of Marital Property in Georgia works can assist the spouses in making their financial selections.
In general, Georgia follows an "equitable" division of marital property, dividing marital property fairly according to the situation instead of dividing property equally. Factors that may be taken into account include the contributions of each spouse, each spouse's financial situation, and other considerations. However, the application of separate property may vary depending on the facts and law.
Downie Law, LLC is a law firm that offers legal counsel to those who have family law issues in Georgia. Preparing financial records, property documents, account statements and debt information can help to get ready for discussions on asset division. Each divorce situation can be unique, and results are contingent upon the circumstances.
Call Downie Law, LLC if you are interested in divorce or need answers to questions about asset division, so you can make confident decisions about your future.