Marietta, Georgia Asset Division Attorneys
The process of dividing your assets can be complex and is often one of the most stressful aspects of a Georgia divorce for both spouses. Understanding this process and your rights is crucial to ensuring a fair property division outcome.
The family law attorneys at Hill Macdonald, LLC in Marietta, can offer practical guidance and viable solutions during asset division. We will work closely with you throughout the process to achieve the desired outcome. With years of experience and a deep commitment to your future, we can guide you through your divorce and its financial complexities confidently.
Georgia Is An Equitable Distribution State
Georgia follows the principle of equitable division in divorce proceedings, meaning that assets and debts acquired during the marriage are divided fairly, though not necessarily equally.
The court considers various factors to determine what is equitable, such as:
- the length of the marriage
- each spouse’s financial situation
- contributions to the marriage (including nonfinancial contributions like homemaking)
- future needs
Presenting a strong case helps to ensure your interests are protected, and our experienced lawyers can help you do just that.
Defining Marital And Separate Property
In Georgia, assets are classified as either marital or separate property. Marital property includes assets acquired during the marriage, regardless of whose name is on the title. Examples can include:
- earned income
- real estate
- retirement accounts
- other financial assets
In contrast, separate property refers to the assets one spouse owned before marriage and inheritances or gifts received by one spouse while married. Determining the classification of each asset is crucial, as only marital property is subject to equitable division. Identifying separate property accurately protects it from division.
Our attorneys can assist with this process. We can help with identifying marital and separate property, valuing assets and advocating for fairness throughout.
Call To Protect Your Assets
Shielding your assets from the division process requires legal knowledge and experience. Our Marietta family law attorneys can offer hands-on guidance and strategic negotiation skills throughout the asset division process. Contact us at 770-679-2177 or online to get started.