Property Division Lawyers Stockbridge & Atlanta
Stockbridge and McDonough divorce attorneys protecting your interests
The family lawyers at Meadows, Macie & Sutton, P.C. have extensive experience in dividing marital assets, property and debt. Georgia is an “equitable division of property” state, which means that property acquired during the marriage will be divided in a manner that is fair. This does not necessarily mean that both parties will receive the same award. We help you retain or receive the assets you are entitled to after your divorce.
What are the factors the court considers when dividing property?
The court takes into account a number of relevant factors including:
- Conduct of the parties
- Separate estate of each party
- What each party contributes to the marriage
- The lifestyle of the couple
The court’s three-step process for dividing property
The court determines equitable distribution by:
- Identifying which property is marital and which is separate
- Assigning a fair market value to each piece of marital property. Appraisers and other experts may assist in this step of the process
- Distributing the property equitably under the circumstances in your particular case
What is marital property?
Determining what constitutes marital property is the first task of the court. Marital property is acquired by either spouse during the marriage. Separate property is acquired before the marriage and includes inherited gifts. These are some examples of what the court considers to be marital property:
- Wages or salary earned during the marriage
- Money held in a retirement account funded during the marriage
- Money held in a joint or separate checking or savings account funded during the marriage
- Homes purchased during the marriage
- Cars purchased during the marriage
- Pets purchased during the marriage
- Credit card debts accumulated during the marriage
- Gifts between spouses during the marriage
- Gifts to the marital couple during the marriage
If divorcing spouses can agree about the division of property, then this arrangement will be documented with a separation agreement. Often, mediation and/or arbitration may be used to help the parties reach an agreement. If you are unable to agree, it will be necessary for you to go to court.
Experienced representation for your Georgia property division matters
When you need an advocate for your property interests in divorce, call Stockbridge & Atlanta family law and divorce lawyers at Meadows, Macie & Sutton, P.C. at 770-450-1921 or contact our firm online to schedule an appointment.