Georgia has a relatively high divorce rate, compared to other states in the country. According to recent data, there are approximately 11 divorces for every 1,000 residents.
If you are going through a divorce and splitting everything from your bank account to time with your children down the middle, it is important that you are aware of all the joint marital property and who has access to it.
When it comes to divorce, couples face two major property division issues. The first is deciding which property belongs to the couple and therefore must get divided. The second is the actual division of the marital property.
If you are getting divorced and your spouse is not on the real estate deed, you might be wondering if he or she has any legal right to the property. Because Georgia has marital property and equitable distribution laws, both spouses generally have some property ownership despite not being named on the deed. Learn more about Georgia divorce laws and what might happen to your real estate during the process.
Most people who go through divorce simply want the process to be over as quickly as possible. For some, this means enforcing a prenuptial or postnuptial agreement. For others, it means working through tough negotiations that lead to a resolution both sides agree to.
Most people say the worst part of getting a divorce is dividing assets and debts. Because of heightened emotions and hurt feelings, most people are typically worried about how much their spouse will get and whether they are getting a fair deal or not.
In Georgia and other states, divorcing spouses are generally expected to refrain from selling property or other assets until the divorce proceedings are over. However, a divorcing husband sold a Brooklyn property, and on Sept. 10, he urged the New York Court of Appeals to not hold him in contempt of court for refusing to say where he put the money.
Georgia spouses may be interested in one way that their online behavior may have consequences in their relationship. Surveys are showing that as social media increases in popularity, its effect on marriage is starting to become more obvious.
When two people in Georgia are married, their financial lives are inevitably intertwined. If they subsequently divorce, all of the marital assets that belong to both spouses must be divided in a way that the court deems equitable. Although a court will do its best to divide property in a manner that it deems fair, there is a lot that could go wrong, and it is crucial for a spouse to have legal representation during this time.
Georgia residents who are artists may be surprised to learn that any pieces they have, whether in storage, hanging on a wall or on consignment in a gallery, are considered marital property and are eligible for property division during a divorce. Additionally, any tools they used to create their art may also fall into this category, similar to the way that copyrights are also considered to be joint property held by both individuals.