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The role of proven legal counsel in asset identification, division

Chances are that you’re going to be able to readily note and tick off a number of assets in your marriage that will feature prominently when it comes to property division in your Georgia divorce.

Then again, there might be -- in fact, there are likely to be -- some asset sources that aren’t quickly apparent and that, in the absence of assistance from a proven divorce attorney with experience in identifying, valuing and dividing property, might escape notice and never be equitably distributed.

The family home is not likely to be included in that, “Oh, I forgot” list, especially in a high-asset divorce. What about the rather esoteric sounding “capital loss carryover,” though? Would you think of the family burial plot already purchased? How about deferred compensation plans your soon-to-be ex has with former employees? Antique, art and memorabilia collections? Loans made to third parties during marriage with the expectation that repayment will go solely to your spouse?

How about that winning lottery ticket your partner is holding?

A recent Forbes article delves into such considerations. Although it essentially takes a woman’s point of view, the subject matter is equally relevant to both sexes in a divorce proceeding.

Its central thrust and admonition: Reflect hard and leave no stone unturned.

Although the article notes that “figuring out how to divide everything fairly can seem overwhelmingly complicated,” that doesn’t have to be the case. An experienced Georgia family law attorney strongly grounded in property division matters can assist in the process and help ensure an equitable outcome.

Source: Forbes, "Divorcing women: Don't forget these marital assets," Jeff Landers, Oct. 16, 2013

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