Professional Guidance On Property Division In Georgia Divorces
Property division is a significant aspect of divorce, especially when you have substantial assets or debts. It’s crucial to have a knowledgeable local attorney to guide you through this process. Hiring a lawyer who understands the nuances of Georgia law can make a big difference.
At The Law Firm of Christopher T. Adams, P.C., our attorney brings over 30 years of family law experience to the table. Established in 1992, our firm is deeply rooted in the Lawrenceville community. Lawyer Christopher Adams, a seventh-generation Georgian, is familiar with local courts and judges. This is a significant advantage when divorce cases end up in court.
We believe in educating our clients so they can make informed decisions about their future. Many of our clients become friends, a testament to the trust and rapport we build.
Understanding Equitable Distribution
In Georgia, property division follows the standard of equitable distribution. This doesn’t necessarily mean a 50/50 split. Instead, the court considers several factors to determine what is fair. These factors include:
- The length of the marriage
- Each spouse’s earning capacity, age and medical condition
- Each spouse’s financial position and resources
- Each spouse’s contributions to the marriage
Our lawyer helps clients understand how these factors apply to their situation. We also discuss the difference between marital and separate property. Marital property encompasses assets acquired during the marriage by either spouse, regardless of how the assets are titled. Separate property covers only assets owned prior to the marriage or received as gifts or inheritances, provided they are kept separate. Only marital property is subject to equitable property division.
Valuing Property In Divorce
Accurate property valuation plays a crucial role in the property division process. Understanding the true value of marital assets ensures a fair distribution. Our attorney can help you through this important step with clarity and precision.
Here’s a list of common assets that need valuation:
- Real estate, including the family home and any investment properties
- Vehicles such as cars, boats and recreational vehicles
- Retirement accounts like 401(k)s, individual retirement accounts (IRAs) and pensions
- Business interests and partnerships
- Jewelry, artwork and collectibles
- Bank accounts and investments
To determine the value of these assets, we may employ various methods. Real estate appraisals are commonly used for property. Financial experts assess business interests. Account statements provide insights into bank accounts and investments.
Our property division lawyer collaborates with trusted local professionals who understand how to provide valuations that will stand up in court. This approach helps us secure valuations that are precise and reflect current market conditions. We prioritize transparency, keeping you informed throughout the process.
Facilitating Favorable Property Division Agreements
Not every divorce case ends up in court. Often, spouses can negotiate a favorable property division agreement outside of the courtroom. Our lawyer assists clients in reaching amicable settlements whenever possible. This approach not only saves time and reduces stress but also allows you to maintain more control over the outcome.
Should negotiations fail, our attorney is always prepared to represent you in court. He can help you pursue the right avenue for accomplishing your goals and protecting your interests.
Contact Us For A Free Consultation
We understand that property division can be a complex and emotional aspect of divorce. We are committed to guiding you with professionalism and care. Our goal is to help you achieve a fair outcome while protecting your interests.
By choosing a local attorney who understands the local courts in Lawrenceville, you are making a decision to protect yourself and your future during this pivotal time. We are here to guide you, inform you and empower you with professionalism and care.
We offer free consultations to discuss your property division questions and concerns. Contact us today at 770-676-1083 to take the first step.
