PROPERTY DISTRIBUTION

Property Distribution

Property division is an aspect of divorce where the assets, property, and items of value owned by a couple are divided. In Georgia, the rule of law that governs this aspect of divorce is “equitable division.” Equitable division is that things be divided in equity. While property is often divided 50/50, equitable division allows for arguments that one party put more into the marriage than the other party and therefore deserves a greater portion of the assets.

An often overlooked aspect of property division is the division of debt. Debts are usually ascribed to the party that accrued them, but the same arguments that come into play in the division of assets are used in the division of debts. In debt division, ability to pay is also a frequent argument that is used.

In order to find out more about property division, set up a consultation with one of our divorce attorneys by calling 770-454-8882.