In a high-asset divorce, property division can get complicated, especially when that division involves marital debt. Being aware of how this debt affects asset division is a must when trying to make sense of the divorce process. What falls into the category of marital...
Property Division
What happens to trust assets during the divorce?
On Behalf of Ordway Law Group, LLC | Jun 13, 2024 | High-asset Divorce, Property Division
Property division is a typical part of the divorce process, which can be straightforward in theory. This step can be severely complex based on the assets you own separately and with your former spouse. Legal technicalities can sometimes get in the way, mainly if they...
The impact of divorce on art collections and antiques
On Behalf of Ordway Law Group, LLC | Jun 3, 2024 | Property Division
Art collections and antiques can complicate the division of marital assets. If you’re going through a divorce, it’s important to know what to expect when splitting up property. What constitutes separate property? Under Georgia Code § 19-3-9, the separate property of...
The importance of non-marital property in Georgia law
On Behalf of Ordway Law Group, LLC | May 21, 2024 | Property Division
Dividing property during a divorce can involve several complexities. In Georgia, it's important to know the difference between marital and non-marital property. This can make a major difference in how the courts divide your assets. Marital vs. non-marital property...
Why accurate valuations are necessary in high-asset divorces
On Behalf of Ordway Law Group, LLC | Apr 25, 2024 | Property Division
Accurately determining the value of shared assets is important but challenging in high-asset divorces. These assets often include complex and high-value items whose assessment can significantly impact the division of property. The fair division of assets depends on...
Dividing the family business in a Georgia divorce
On Behalf of Ordway Law Group, LLC | Jan 31, 2024 | Property Division
When couples decide to part ways through divorce, dividing assets can become a complex and contentious process. This is especially true when it involves a family-owned business. The family business often holds significant sentimental and financial value. This can make...
How to evaluate the worth of second homes or vacation homes
On Behalf of Ordway Law Group, LLC | Jan 3, 2024 | Property Division
Second homes or vacation properties can offer a retreat from a busy life. They often give families a place to unwind and relax. However, they are often marital property subject to division in Georgia divorces. Determining the worth of these properties requires a...
Different financial professionals you may need in a divorce
On Behalf of Ordway Law Group, LLC | Mar 23, 2023 | Property Division
When your Georgia marriage reaches its end, you may wonder what your financial future is going to look like once you begin living on your own. If you stopped working to raise a family or support your spouse while he or she furthered his or her own career, you may feel...
Are you eligible for an ex’s Social Security, post-divorce?
On Behalf of Ordway Law Group, LLC | Nov 30, 2022 | Property Division
When you marry someone in Georgia, one of you may need to sacrifice your own schooling or career for the sake of your partner or family unit. If you do this and then your marriage ends, it might impact your ability to collect Social Security retirement benefits once...
5 tips for managing property division in a later-in-life divorce
On Behalf of Ordway Law Group, LLC | Aug 22, 2022 | Property Division
If you and your spouse are over the age of 50 and facing divorce, you may have significant assets given your many years of marriage. You may dread the property division phase of the divorce assuming it will be lengthy and complex. Here are five tips to help you...
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