Splitting Assets Fairly: Tips from a Divorce Lawyer in Alpharetta, GA

by | Nov 24, 2023 | Law

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Divorce is a challenging journey, and even the most cooperative couples will face difficult choices involving issues such as child support, alimony, and the division of assets. Given the emotional complexity of these decisions, it is wise to seek assistance from a divorce lawyer in Alpharetta, GA. An unbiased third party should handle the complex process.

Many people assume that their split will be amicable and foresee no issues. However, when sensitive topics like money and children are discussed, all bets are off! It is best to have legal counsel to help navigate the laws of equal distribution utilized by the state of Georgia.

Many individuals need clarification on equitable distribution and equal division. Just because the court views assets as being divided equally does not mean they are divided 50/50 based on their monetary value. The court considers factors such as the length of the marriage, future needs, and each spouse’s contribution to the acquisition of these assets.

Couples often dispute the classification of marital versus separate property. Georgia law only considers property obtained during the marriage. Anything purchased or inherited before the wedding will remain with that person. Another point of contention is that asset division does not solely focus on the current value of the property or item but also takes into account factors such as investments, liabilities, and retirement accounts.

Divorce is never an easy process, and even in the best situations, problems can arise. Seeking the assistance of a divorce lawyer in Alpharetta, GA, is beneficial. Contact The Millard Law Firm for a free consultation on divorce and asset distribution matters.

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