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Georgia Divorce Property Settlement – The simple, straightforward solution for Property Settlement

Property Division in Georgia Divorce

Although nothing is truly simple about getting a divorce in georgia, an uncontested divorce is about as uncomplicated as it gets, and a reputable, established online divorce forms company will be prepared to guide you through the georgia divorce process in without the high cost of attorneys’ fees. It will offer simple solutions to emotionally difficult situations, such as dividing property—this is perhaps the most difficult part of any georgia divorce proceeding.

A divorce property settlement in georgia usually requires a certain amount of flexibility and compromise from both parties. georgia Courts divide property under one of two schemes: equitable distribution or community property. Equitable distribution of the divorce property means that assets and earnings accumulated during marriage in georgia are divided fairly, or “equitably.” This often means that two-thirds of the assets go to the higher wage earner and one-third to the other spouse. Equitable distribution principles are followed everywhere in except the community property states, which we will discuss next.

Which states have community divorce property laws? They are Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington and Wisconsin. In these states the property of a married person is considered as either community property—meaning it is owned equally by both spouses—or it is designated the separate property of just one spouse. Dividing of community property in georgia usually is performed equally between the spouses, while the spouses each spouse retain their separate, private property in georgia.

The final tip is to sell the georgia divorce property and equally divide the proceeds. If some items are unsold, they can be put under a private auction in georgia where the spouses openly bid against each other, with the winner giving equalization payment to the losing bidder.

 
 
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