Property Division After a Divorce
One of the most frequently combative issues during a divorce is the division of property. Georgia's law for the division of property following a divorce states that all assets and debts must be split on an equitable basis. This doesn't mean that all items will be split 50/50 amongst the parties involved, which can lead to heated disputes over what is considered "fair" for each party. Gibbs Tillery is highly experienced in matters of property division, including the division of assets and debts.
Anything acquired during the course of the marriage is subject to division, including:
- Real estate
- Bank accounts
- Investment accounts
- Retirement accounts
- Household items
- Marital debts
There is a lot at stake. Explore your options during a case consultation.
Certain items, such as inheritances, are exempt from division, so speak to us about your unique circumstances. With extensive legal experience, our Decatur property division attorney has the skillset and knowledge to help you fight for what you are entitled to keep. We understand how stressful the process can be, and we aim to make it as simple as possible.
How Do I Determine My Assets?
The first step you should take following a divorce is determining what assets and debts exist. The Domestic Relations Financial Affidavit is an incredibly helpful tool that outlines the typical assets and debts in an ordinary division of property case. Courts usually require individuals to complete and file a DRFA in most cases involving family law. After a DRFA is completed, an equitable division can be negotiated.
A DRFA lists each asset and debt, which includes:
- Name of the institution
- Type of account
- Last four digits of the account
- Name on the account
- Balance and value of each item
Many property division cases require creative problem solving, such as in cases where a spouse is receiving more of one asset but also more of a certain debt. Our attorneys at Gibbs Tillery have the experience and insight needed to help you form creative solutions to complex disputes. We can advocate on your behalf to make sure that your rights are upheld and you come out of the divorce with what you need.
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