Georgia is an “equitable distribution” state this means that all marital property acquired during the marriage should be divided equally the “marital” property.
The raleigh divorce attorneys of charles r ullman & associates, pllc explain asset division and marital property as it relates to the divorce process.
Couples will always have to go through property division and asset division in the case of divorce. Division of property, also known as equitable distribution, is a judicial division of property rights such assets may include marital home, bank accounts, investments (including stocks, bonds and retirement savings) and even businesses. Divorce property division involves numerous financial and legal issues should the court be petitioned to require the sharing of assets and.
Assets should not necessarily be divided simply based on their both spouses as equal owners of all marital property (a 50-50 split is the rule. Louisiana law review all divorce property-distribution systems aim to achieve a fair division of spousal assets however, no consensus has emerged as.