Lawrenceville Divorce Attorney
Property and Asset Distribution
During the course of a marriage, the finances of the spouses often change
significantly due to factors such as pay raises, the acquirement of assets,
stocks, and properties as well as the accumulation of debts. When the
spouses file for
divorce, it is necessary to come to an agreement regarding how assets and property
will be distributed. Usually this is done through a process known as equitable
distribution, in which the assets are divided fairly between each spouse,
although not necessarily evenly. How the assets are distributed vary greatly
depending upon the specific circumstances of each spouse and their contributions
to the marriage, including both financial and emotional contributions.
If you are involved in a divorce it is vital that your assets are protected.
A Lawrenceville divorce attorney can provide the legal help you need to
ensure your rights and property are protected.
The property distribution, or asset division process in a divorce involves
the initial decision to cooperate with your spouse on how assets will
be divided, or needing a judge to decide how the assets will be divided.
The primary differences between the two types of assets involved with
property distribution include marital property and separate property.
Separate property is property owned by only one of the spouses due to
exemptions such as with inheritances, gifts and other exempt property.
Marital property is the joint property acquired during the course of the
marriage, whether it be in one or both spouse's names.
Gwinnett County Divorce Attorney
When you are involved in a divorce it is important to protect your rights
and your property. Not all divorces are completed cooperatively, necessitating
a need for legal guidance with your case to be sure. Fox Firm, P.C. is
skilled with assisting those in need of legal help for their divorce matter.
By working collaboratively to create the best case possible you and the
firm can help improve the chances that you will obtain a successful conclusion
for your divorce so that you can begin to move on.
Contact a Lawrenceville divorce attorney at the firm today for a case evaluation to find out where you stand.