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Georgia is an Equitable Division State as opposed to a Community Property State. The theory of equitable division allows the judge or jury to determine what division of marital property is fair as opposed to a Community Property state which attempts to divide all marital or community property 50/50. Factors that are taken into consideration in the division of marital property include:
1. Age and health of the parties;
2. Occupation, vocational skill and employability of a party;
3. Duration of the marriage;
4. Contribution or service to the family unit;
5. Debts, liabilities and needs of the party;
6. Amount and source of income of either party;
7. Separate Estate of each party;
8. Opportunity for future acquisition of assets and income;
9. Purpose and intent as it relates to the ownership of any item of property;
10. Economic circumstances at the present time; and
11. Conduct of the parties and causes of the separation .
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| TEXT SITE INDEX |
| Family Law |
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Alimony, Child Custody, Child Support, Child Visitation, Divorce, Prenuptial Agreements, Property Division, Fees & Expenses, Initial Consultation
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| About Us |
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Jim Peterson, Allen Harris
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Contact Us
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Contact Info, Map to Office, Forms |
| Peterson and Harris 3103 E. Shadowlawn Avenue Atlanta, Georgia 30305 (404) 239-0026 info@petersonharris.com |
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