One of the most complex issues associated with divorce is the division of property and the equitable distribution of assets and debts. It is also one of the primary reasons why divorce cases can end up going to court. Though Georgia is an equitable distribution state, that does not necessarily mean that assets and debts will be divided equally between the two parties. Rather, the court will determine how to distribute assets and apportion the debt after hearing both sides of the case and determining what is fair given the circumstances.
At the law firm of Baskin & Baskin, P.C., our Marietta property division attorneys work with clients through this complex issue. We regularly work with forensic accountants, CPAs and other financial experts to help get a true value of marital assets, including business assets, closely held corporations, investments and retirement accounts.
Defining Assets to Ensure a Fair and Equitable Division
In a divorce, including high-asset divorce cases where businesses and other complex assets are involved, the first step is to determine which assets are marital assets and which are separate property. Separate assets are not subject to division. These assets may include gifts, inheritances and assets that were owned by one party prior to the marriage. In order to define such property, our attorneys will seek out bank accounts, review financial statements, and work to properly assess the value of stocks, bonds and other assets to ensure that your interests are protected.