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Recognizing Rare Types of Divisible Property in Georgia Divorce

There are four main aspects of divorce in Georgia: child support, child custody, alimony and equitable distribution. In many divorce matters, equitable distribution, or the division of marital property upon divorce, is one of the most complex aspects of Georgia divorce. Equitable division is so complex, because before marital property may be fairly divided between spouses, potentially divisible property must first be identified, classified as either marital or separate, and valued.  Generally, couples find it easy to identify potentially divisible marital property, because such property often includes property such as: the marital home, vehicles, home goods and other real and personal property acquired during the marriage or with marital funds. However, homes and cars are not the extent of property that may be divided between divorcing spouses. There is a vast array of property, both tangible and intangible, that may be subject to equitable division during a Georgia divorce. Listed below are some types of property that may not be readily recognized as marital property subject to equitable distribution. This list is not exhaustive. Thus, if you are considering divorce and have questions regarding how your assets should be divided upon divorce, it is absolutely essential for you to consult with an Atlanta divorce attorney with the knowledge and skills necessary to identify potentially divisible marital property to ensure a fair divorce settlement.

 

Stocks and bonds

Mutual funds

Certificates of deposit

Money market accounts

Annuities

Life insurance policy cash values

Trusts

Security Deposits

Future Interests (Remainders)

Oil, Gas, and Mineral Interests

Intellectual Property, such as patents, copyrights, and contracts for royalties

Promissory Notes

Personal Injury awards for compensatory damages

Workers’ Compensation Awards

Pets

Business interests

Vacation clubs/Timeshares

Frequent flyer miles

Hotel Points

Season Tickets

Club memberships

 

 

Categories:

Equitable Division
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