Experienced Lawyer Helping With Property Division In Georgia
Dividing property during a divorce can be one of the most stressful and financially significant aspects of ending your marriage. Georgia’s property division laws determine how your assets and debts will be divided, affecting your financial future for years to come.
My name is Lawrence A. Stagg, and I have been helping Georgia residents navigate property division matters since 1991. From my office in Ringgold, I represent clients throughout Northwest Georgia in all aspects of asset division during divorce proceedings. I understand how overwhelming property division can feel, and I will work to protect your financial interests.
Understanding Equitable Distribution In Georgia
Georgia follows the principle of equitable distribution when dividing marital property during divorce. This means that courts divide property fairly, though not necessarily equally between spouses. Equitable distribution does not guarantee a 50-50 split of assets but considers multiple factors to determine fair division.
Georgia law distinguishes between marital property and separate property when determining what assets are subject to division. Marital property includes assets acquired during the marriage, regardless of which spouse’s name appears on the title. This encompasses real estate, vehicles, retirement accounts and debts incurred during the marriage.
Separate property remains with the original owner and includes assets owned before marriage, inheritances and gifts given specifically to one spouse. However, separate property can become marital property if it is commingled with marital assets.
Factors Considered By Georgia Courts
Georgia courts evaluate numerous factors when making property division decisions. The court examines each spouse’s financial circumstances, including income and earning capacity. The length of the marriage influences decisions, with longer marriages typically resulting in more equal distributions.
Each spouse’s contribution to acquiring marital assets receives consideration, including both financial contributions and homemaking services. The court also considers age, health, the presence of minor children and any misconduct that affected the marital estate.
The Property Division Process
The property division process begins with identifying and valuing all marital assets and debts. This often requires financial documentation and appraisals to establish the marital estate. Once assets are identified, negotiations can begin to reach a fair distribution agreement.
Contact A Lawyer For Property Division Guidance
If you are facing property division in Northwest Georgia, contact my office for guidance through this complex process. Call 706-956-0289 or reach me via email to schedule your no-obligation consultation and learn how I can protect your financial interests.