Efficient and Reliable Property Division Representation
During your divorce, you and your spouse will need to divide all shared property and debts that you acquired during your marriage. The division of property is often one of the most difficult and stressful issues in the divorce process. Reaching a settlement that you are satisfied with can make all the difference.
At Tessie D. Edwards & Associates, our highly knowledgeable team is ready to represent you and help make this procedure as stress-free as possible. We will work with you step by step to protect your interests. Separating your financial life from another individual is a complex process, and once a settlement is reached, it cannot be undone. Our goal is to ensure you walk away with what you want and need.
How Is Property Divided in the State of Georgia?
Georgia is an “equitable division” state, meaning that your marital property is divided based on equity rather than equality. This can mean that property is split 50/50, but that is not always the case because many factors are involved in determining what is equitable under the law. A decision can be made after the court has considered the following:
- The financial needs of both spouses
- The length of the marriage
- The behavior of each spouse during the marriage
- The age and health of each spouse
- The custody needs of any minor children
- Each spouse’s participation in acquiring the marital assets
- Whether each spouse enhanced or diminished the value of existing marital assets
- Separate assets and other non-marital property
- Prior legal agreements including prenuptial, postnuptial, or separation documents
A key component to establishing an equitable division of property is determining what constitutes marital property and what constitutes separate property. Non-marital or separate property is anything you acquired before your marriage, through inheritance, or via a gift from another, and it is exempt from marital property division. An experienced property division lawyer at Tessie D. Edwards & Associates will work with you to protect your separate assets under Georgia law and guide you through the equitable division of your marital assets.
How Are Businesses and Practices Divided in an Atlanta Divorce?
Dividing a business or practice is one of the most complex aspects of property division in divorce. Even if you started a business before your marriage, your business may still be subject to equitable marital division if:
- The value of your business increased during your marriage.
- Your spouse’s name is associated with the business in any way.
- Your spouse contributed to the growth of the business either by working for the business, by providing financial support, or by contributing in ways that allowed you to focus on the business.
Atlanta Property Division Lawyers You Can Trust
The experienced team at Tessie D. Edwards & Associates is ready to protect your rights during this difficult time. Contact us today to schedule your confidential consultation.
We can assist with all facets of contested divorces, uncontested divorces, divorce by publication, custody, and legitimation.