Asset & Property Division
Asset division is often one of the most contested issues in a divorce. In Georgia, marital assets are divided on an equitable basis. There are numerous factors that the court considers when making a division of marital property and an equitable division does not necessarily result in an equal division. Our skilled attorneys will diligently work to uncover all assets (whether disclosed or hidden) and determine the proper value so that we can aggressively pursue and protect all of your property rights and interests. By doing so, you are empowered to make the most informed and educated decision possible.
In a divorce, assets fall into one of two categories: marital or separate (non-marital). Prior to the division, assets must first be determined to be either marital or separate. Only those assets characterized as marital are subject to equitable division in a divorce. Marital assets are generally those that have been acquired or purchased during the marriage, subject to some exceptions. Separate assets are generally those assets owned prior to the marriage, received as a gift from someone other than your spouse, or inherited. However, even separate assets can become in part or in whole a marital asset under certain circumstances. Our experienced attorneys can determine how to properly characterize assets and advise you on what is fair and equitable with respect to asset division.
Often, assets can be difficult to value. Throughout the years, our experienced divorce attorneys have developed relationships with an extensive network of professionals. These professionals can be called upon, when necessary, to assist with your case as both experts at trial and consultants. Our network of professionals includes: real estate appraisers, forensic accountants, business appraisers, mortgage bankers and brokers, tax experts, and financial planners. These professionals are often essential in determining the value of complex assets such as home values, pension plans and businesses.
There are many factors that can affect asset division in a divorce. Debt incurred or retirement accounts that existed before you were married can affect the overall picture. Even fine details like whether or not you were vested in your retirement account or 401(k) before you were married can change the distribution of assets. At Syrop & Ingle we believe that you deserve a strong advocate who will protect your property rights and interests and help you plan for the future.