Dividing the Assets

Division of Assets

Division of Marital Assets in Georgia.

 

Georgia is an “equitable distribution” state, generally meaning that all marital property acquired during the marriage is subject to division. Property brough into the marriage i.e. that a person had before the marriage are not subject to division in a divorce.

 

How are marital debts divided in a divorce in Georgia?

 

Most divorcing spouses set out who will pay what debts as part of their marital settlement agreement during the divorce process, and close all of their joint accounts.