Family Law Firm of the Year (USA) - awarded by Lawyer Monthly

Thanks for printing!  Don't forget to come back to Meriwether & Tharp, LLC for fresh articles!

Georgia is an equitable distribution state. Upon divorce, spouses are not guaranteed an equal split of their marital property. Equitable means fair; and, according to Georgia law, fair does not always mean equal. Goldstein v. Goldstein, 262 Ga. 136 (1992). Fuller v. Fuller, 621 S.E.2d 419 (Ga. 2005). Generally, equitable distribution does result in the division of the estate 50/50 unless there is a reason to give one spouse a greater portion of the marital property. 

Key Takeaways for Asset Division

  • Equitable does NOT mean equal

    Georgia is an equitable division state, not a community property state.  As such, Georgia law provides that assets are to be divided equitable (or fairly), but not necessarily...
  • Title is NOT Controlling

    Just because a particular marital asset is titled in one parties name does NOT mean that property item automatically goes to that spouse.
  • There is NOT a formula for division

    There is no set formula or calculation used to divide marital property in Georgia. Thus, Georgia judges and juries rely on certain factors and factual determinations in order to determine how...

Factors for Asset Division

  • Conduct of the Parties

    Perhaps the largest factor considered by courts in regards to most cases involving a dispute about equitable division of property is what was the cause of the couple's separation as well...
  • Length of the Marriage

    When it comes to equitable division of marital estate, the length of the marriage can play a role.  A long term marriage where one party took care of the household while the other party...
  • Contributions to the Marital Property

    One factor the court can evaluate is each parties contribution to the acquisition and maintenance of the marital property.  
  • Contributions to the Family Unit

    Equitable division in law provides that the serice contributed by each spouse to the family unit is a factor to be considered when deciding how to divide marital property. 
  • Intent

    Georgia law provides that you can look at the purpose and intent of the parties regarding the ownership of the property in order to determine equitable division of property.
  • Separate Property

    Although Georgia law provides that each party gets to keep its separate property, when it comes down to dividing the remaining marital property, Georgia law does allow the court to look at...

Do you Really Want the House?

In many divorces, a highly fought over issue is who will get to keep the marital home. In Georgia, the marital home is subject to equitable division. This means that it is included in the split of all marital property/assets. For this reason, if one spouse keeps the home, the other spouse will usually get other marital assets to make the split equitable. But while many divorcing spouses are quick to say they want to stay in the home, there are many things to consider before asking for it as part of equitable division...

Unique Items for Division

  • Cars

    Georgia is an equitable division state. This means that, upon divorce, the parties’ assets are divided equitably, according to the circumstances of the case, not necessarily equally. So...
    Read More
  • Pets

    Deciding who will get the pets after a divorce can be one of the most contentious issues in a divorce case. However, the battle over pets is not a custody battle. Even if you consider your...
    Read More
  • Trusts

    The short answer to whether trust assets are subject to equitable division in Georgia is no. Now for the longer answer…
    Read More
  • Stock Options & Restricted Stock Units

    Are stock options marital property?  The short answer is: it depends. Depending on why the options were granted and when the options a exercisable by the employee spouse, stock options...
    Read More
  • 529 Accounts

    During divorce, 529 college savings accounts are often neglected because many divorcing parents assume that the asset belongs to their child. In fact, a 529 plan, although intended to benefit...
    Read More
  • Student Loan Debt

    n its article titled: “Has Student Loan Debt Impeded Your Romantic Relationships?” the American Bar Association discussed a new phenomenon experienced by some graduates of...
    Read More
  • Personal Injury & Workers Compensation Claims

    Certain portions of personal injury awards, personal injury settlements or workers’ compensation awards may be deemed marital property upon divorce in Georgia. In determining whether a...
    Read More

Explore

Our Blog

Divorce in the UK – Getting More Than Half If You Are A "Genius"

When it comes to dividing marital assets in a divorce, the states in our country do not all do it the same way....

Celebrity Family Law – Mel B and Stephen Belafonte…again!

The highly-contested divorce between Mel B and Stephen Belafonte does not appear to be reaching a conclusion...

Celebrity Family Law – Ron White divorce

When a spouse files for divorce, there are several facts which must be sworn to on the Petition for Divorce,...

Contact M&T Today

We can help with all your questions...