What Assets Are Subject To Division?
Did you know that not everything is subject to asset division during a divorce? If you inherited property during the marriage, that property may be exempt from division. If you have property that you purchased prior to the marriage, you may be able to keep that property.
Sometimes, determining which property is marital property and which property is separate property is complex. For example, you may have purchased your house prior to getting married. However, you may have made payments on the house during the marriage. This means that some of your house’s value is considered separate property and some is considered marital property. With decades of experience on our side, we know how to properly assess your assets to ensure an accurate division.
Equitable Distribution Of Property Does Not Mean 50/50
While a 50/50 split of property is not uncommon and often serves as the starting point, what equitable distribution truly means is fair distribution. That means that other factors need to be taken into consideration, such as each spouse’s wage-earning capacity. If the wage-earning capacity is off balance, it may be appropriate to compensate with a 60/40 or even 70/30 division of property. Count on our lawyers to work closely with you to make certain that you leave your marriage with everything to which you are entitled.
Free Consultation | Division Of Assets Attorneys In Lawrenceville
Call us at 770-338-8300 or send us an email to schedule a free consultation with one of our Gwinnett County lawyers for property division in a divorce.