property division in georgia

Georgia follows the doctrine of “equitable division of property” in determining how marital property will be divided. The purpose behind the doctrine of equitable division of property is to be sure that property accumulated during the marriage is “fairly” distributed between the parties. 

How does the court determine property division in georgia?

Equitable division does not necessarily mean that marital property will be distributed equally (50/50) between the parties. The court or jury has wide latitude in determining what constitutes equitable division of property. 

Factors that are routinely considered include:

  1. Any prior marriage of either party
  2. The age, health, occupation, and vocational skills and employ-ability of each party
  3. The contributions or services of each spouse to the family
  4. The conduct of either party during the marriage
  5. The amount and sources of income, the estate, debts, liabilities, and needs of the parties as well as the opportunity of each to accumulate assets in the future by employment or otherwise. 

Many of the cases we handle involve substantial marital assets or closely held family businesses.  Our attorneys have years of experience in helping value and divide assets including, but not limited to:

  • Business valuations
  • Retirement funds including IRAs, pension, 401(k)s, etc.
  • Investments including stocks, bonds, mutual funds, etc.
  • Life insurance policies
  • Intellectual property
  • Real property including homes, condos, timeshares, commercial property, etc.
  • Vehicles
  • Trusts
  • Personal property including art, jewelry, antiques, etc.

Harris Divorce & Family Law has the knowledge, expertise, and resources needed to obtain the best possible result for you, whether by settlement or by trial.