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Property Division Archives

Dividing a marital home in a Georgia divorce

For many Georgia couples, their home is their greatest asset. It is the place that contains the majority of their assets and that is worth more than any other asset that they have. While a couple's home differs from other assets because of its immense worth, it is treated the same as other assets if a couple decides to divorce, in that it must be divided during the divorce proceedings.

Deciding who gets a pet during a divorce

Dogs, cats and other pets can be as important to Georgia residents as any other members of their families. Pets help people get through the bad times in their lives and often the months spent involved in a divorce are some of the worst that people ever endure. When a divorce arises and a couple shares a pet, questions can surface over how ownership of the animal should be managed.

Divorcing spouses should have financial accounts in order

The property division process has a significant impact on divorcing parties as it determines their financial standing after the dissolution of their marriage. It is therefore important that those going through a divorce have a good grasp on their assets in order to fight for what they are entitled to when the assets are divided.

Retirement assets require greater attention in property division

Retirement accounts are often given less consideration during a divorce than other assets since they often aren't used for many years in the future. These assets, though, may become a couple's largest assets and their distribution should be handled correctly.

Wife of CEO alleges he and law firm moved stocks inappropriately

Dividing property pursuant to a divorce is done based on the rules of the state in which a couple resides. These rules are different from state to state and spouses must be aware of their responsibilities to accurately report assets and not try to hide them or deceive the other party regarding their value. Georgia happens to be an equitable distribution state.

Property division often involves significant documentation

The division of property pursuant to a divorce may entail significant discovery and investigations into the assets of the parties and to whom they belong. The following article details some tips that parties involved in a divorce may find helpful in the property division process.

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