Divorce negotiations can be tricky and challenging to navigate, especially when it comes to division of the property. Oftentimes, people begin proceedings believing that they will keep half of all marital property. However, in Georgia, the court bases the division on what it deems fair, which does not necessarily mean it will be equal.
If you are entering a divorce, Rubin Family Law will advocate for your rights as we work to protect your property.
What Is Included in Marital Property?
Marital property is any contribution to your financial worth during the marriage that has not been deemed separate property.
Marital property can include the following assets and liabilities:
- Bank, investment, or retirement accounts
- Real estate
- Business interests
- Vehicles, furniture, and furnishings
- Debts, such as credit cards and tax liabilities
Unless restricted by certain stipulations, essentially any piece of property can be considered in the division.
The Property Division Process
To divide the marital property, the couple must first define the assets and liabilities that make up their property and determine the worth of each component. They must then agree to the terms of division and split the property in a fair way. Our experienced attorneys understand how contentious this process can become and are available to advocate for the protection of your property and fight for fairness at every step of the way.
In some instances, the parties cannot reach satisfying agreements and must rely on the discernment of a judge. They will consider factors like the length of the marriage and each party’s contributions to the marriage both economically and non-economically. The judge may also consider each party’s needs and financial resources after the divorce before making the final decision.
Ensure a Fair Division with Rubin Family Law
Whether you choose to make decisions without the help of a judge or you require legal interference to move forward, keep in mind that there is no formula for property division. The best way to ensure fair and satisfying treatment throughout negotiations is with the help of Rubin Family Law. Our team are experts in property division negotiations, and we are committed to fighting for you.
A word from our client
“Kevin was instrumental in obtaining a positive outcome in my case. He was extremely accessible and worked diligently to present evidence in a clear, concise, and professional manor. I feel comfortable giving Kevin the highest recommendation and would not hesitate to work with him in the future.” – Pete