Dividing property in a divorce is usually not as simple as selling the family home and splitting the profit. Couples that have been married for quite a few years often have a complex array of assets and debts that must be evaluated before the court can determine the appropriate division of assets and debts. A couple might own one or more pieces of real estate, one or more businesses, jewelry, artwork, furniture, and automobiles. When a couple decides to get a divorce in Newnan, GA, they must first compile a list of all of their assets and debts.
It’s essential to work with an attorney on this portion of the divorce because each spouse may be entitled to a different portion of the assets. Things can get complicated when one spouse owned property prior to the marriage. Although that spouse might assume they will get to keep their home, that might not be the case if the loan was refinanced while they were married. Cash that a person earned prior to getting married might become marital property if it is put into a joint bank account. It might be easy for the spouse who didn’t have these assets when they got married to be manipulated into thinking they aren’t entitled to a portion of them in the divorce. This is why it’s critical to get advice from an attorney who has a lot of experience with divorce in Newnan, GA .
Courts might also determine a parent who has custody of the couple’s minor children more than half of the time is entitled to more property than the spouse who doesn’t live with the children. The noncustodial parent may also be required to pay child support, and that issue is separate from the division of property. Before agreeing to a settlement, a divorcing spouse should always consult with an experienced attorney. They can start by visiting Dsternlieblaw.com to get information about the divorce process and scheduling an appointment with a lawyer. People who own a significant amount of property should think twice before they rush through the divorce process and give up assets they may have been able to keep.
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