Tag Archives: marital property
How Are a Couple’s Debts Split During a Divorce?
Going through a divorce can be emotionally taxing, especially when there are contested issues concerning finances. In Georgia, as in many other states, the division of the couple’s assets is controlled by the rule of equitable distribution. This means dividing property fairly but not always equally. Debts are divided according to the same principle, but […]
Who Gets the Family Home in a Georgia Divorce?
Dividing property during a divorce can be a painstaking process, especially when there is contention over each spouse’s share of ownership. There is perhaps no asset more difficult to divide than the family home. This is often the spouses’ largest single piece of property and usually means more to them than a parcel of valuable […]
Equitable vs. Equal Division of Property in a Georgia Divorce
In a Georgia divorce, property is divided between the spouses according to the rule of equitable distribution. This is different than some other states, where marital property is divided 50/50. Equitable does not necessarily mean equal. Georgia judges consider several factors when dividing up assets and debts, including each spouse’s economic and noneconomic contributions to […]
