Georgia is an Equitable Division State as opposed to a Community Property State. The theory of equitable division allows the judge or jury to determine what division of marital property is “fair” as opposed to a Community Property state which attempts to divide all marital or community property 50/50. Factors that are taken into consideration in the division of marital property include:
1. Age and health of the parties;
2. Occupation, vocational skill and employability of a party;
3. Duration of the marriage;
4. Contribution or service to the family unit;
5. Debts, liabilities and needs of the party;
6. Amount and source of income of either party;
7. Separate Estate of each party;
8. Opportunity for future acquisition of assets and income;
9. Purpose and intent as it relates to the ownership of any item of property;
10. Economic circumstances at the present time; and
11. Conduct of the parties and causes of the separation.
Contact a Atlanta divorce lawyer at Peterson & Harris today to discuss your family law case.