Cumming, Georgia Asset Division Lawyer
Most divorces involve the division of community property, or property owned by both spouses. At The Siemon Law Firm, we know property division can be a contentious part of a divorce. We help clients resolve their divorce issues as quickly and amicably as possible.
To speak to an experienced divorce attorney, call our law offices at 866-497-5134 or send us an e-mai. We serve clients in Fulton County, Forsyth County and throughout the metro Atlanta area.
Equitable Property Division
Marital property is property obtained during the marriage. It is considered to be owned by both spouses. There are certain exceptions where one spouse owns property obtained during the marriage, including personal gifts and inheritances.
Today in Georgia, marital property is subject to equitable division. Instead of splitting property 50/50, the court will make a determination of what is fair by considering many factors such as:
- The length of the marriage
- Assets owned separately by each spouse
- Future financial needs of each spouse
- The earning potential of each spouse
- Financial dependency of one spouse on another
- Prenuptial agreements
- The conduct of the parties during the marriage
The goal of equitable property division is fair property division. Although the divorce judge makes the ultimate decision, it is important to have an experienced lawyer effectively prepare and present a client's case. It is also important to ensure that all assets are discovered and all debts are disclosed.
Your property division is a contract with your ex-spouse and creditors and finance companies are not bound by its terms. If you are a co-signer or named on a loan or a credit card, even if you never "used" the money or credit, if your ex-spouse stops making payments, the creditor can and will come after you. You want to ensure that a competent attorney has drafted any legal documents associated with your divorce to make sure that you are protected.
At The Siemon Law Firm, we have years of experience in property division matters. We have handled numerous cases, and understand the complications that can arise. We are mindful of the needs of each spouse, and work to resolve each case in a timely and cost-effective way.
Contact Us
For more information, contact us online or call 770-884-7067 or 866-497-5134. With offices in Alpharetta and Cumming, we represent clients throughout Forsyth County and Fulton County.
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