In equitable division, one of the most issues that come up is to try to ascertain what is marital property and what is not marital property. Because if your property’s determined to be non-marital property, it cannot be divided according to accrual distribution. What non-marital property is, generally speaking, is if you own the property prior to marriage, you inherited the property or you were gifted the property. If you can prove that, the property remains yours.
One of the most complicating factors is what if you have non-marital property that has both portions of marital and non-marital aspects to it. Valuing that property and proving up your non-marital interest is one of the most valuable issues that a good attorney can do for you. Whereas, marital property is all subject to be divided between the parties and the spouses in a divorce.
By: Scott Shaw
In equitable division, one of the most issues that come up is to try to ascertain what is marital property and what is not marital property. Because if your property’s determined to be non-marital property, it cannot be divided according to accrual distribution. What non-marital property is, generally speaking, is if you own the property prior to marriage, you inherited the property or you were gifted the property. If you can prove that, the property remains yours.
One of the most complicating factors is what if you have non-marital property that has both portions of marital and non-marital aspects to it. Valuing that property and proving up your non-marital interest is one of the most valuable issues that a good attorney can do for you. Whereas, marital property is all subject to be divided between the parties and the spouses in a divorce.
By: Scott Shaw
In a divorce, retirement funds may or may not be marital assets, and that’s a complicated issue. But generally speaking, if you earned the retirement asset while you were married it will be marital property, and, therefore, it will be subject to division under equitable distribution. 401K accounts through a process called a QDRO – Qualified Domestic Relations Order – can be transferred tax-free to the other spouse so you don’t have to worry about tax consequences.
Fixed benefit pensions can also be transferred through a qualified domestic relations order of a different type, and can be transferred tax-free. Military pensions can also be transferred. Now, military pensions and federal pensions have their own unique aspects to them, but they can all be divided in a divorce. So, generally speaking, if the retirement funds are considered marital property, they are subject to division in a divorce.
In a divorce, retirement funds may or may not be marital assets, and that’s a complicated issue. But generally speaking, if you earned the retirement asset while you were married it will be marital property, and, therefore, it will be subject to division under equitable distribution. 401K accounts through a process called a QDRO – Qualified Domestic Relations Order – can be transferred tax-free to the other spouse so you don’t have to worry about tax consequences.
Fixed benefit pensions can also be transferred through a qualified domestic relations order of a different type, and can be transferred tax-free. Military pensions can also be transferred. Now, military pensions and federal pensions have their own unique aspects to them, but they can all be divided in a divorce. So, generally speaking, if the retirement funds are considered marital property, they are subject to division in a divorce.
Hello. My name is Scott Shaw, founder and principal of Shaw Law Firm, LLC. A law firm I founded in 1995. Child custody along with divorce and other areas of family law are our only area of legal practice. We don’t accept any other types of cases. In this video I will be discussing the topic of Lump Sum Alimony. When most people think of alimony, they think of a monthly payment to the other spouse.
Lump Sum Alimony is different though. It is different because it is a one time award of assets to the other spouse, and it’s a very dangerous thing to play around with. Lump Sum Alimony is so dangerous, because it is a way for a court or a jury to punish the other party, or to otherwise do equity. Because in a divorce, what usually happens is that each party is awarded their non-marital or premarital assets, and then the parties divide up the marital assets.
But what happens when most of the assets are one party’s non-marital assets, leaving very little to divide to the other party? In such a case, the court has the power to invade your non-marital estate even if you inherited it, owned it before marriage or whatever, and award some or all of it to your spouse. And a court can do so just because, in the right case it is a huge weapon and it should be scary to you.
One case where this came into great effect for me involved a jury trial in which the opposing party, which is the husband in that case, brought a few million dollars into marriage. And he married my client, where the time of marriage was a six figure per year consultant, while he is having an affair with another woman. A few years into the marriage, my client gave up her career in order to have a baby. The opposing party was still having this affair with this other woman, and in fact had another baby with this woman unbeknownst to my client.
Five years past, and by the time my client figured all this out, her job skills had antiquated. Yet most of the assets in the case were still the husband’s non-marital assets that he brought into the marriage to begin with. He thought he was looking pretty, and my client had no ability to be awarded those assets. Since most of the assets in this case were non-marital, there wasn’t a whole lot to claim as marital property. We could ask for monthly traditional alimony, but instead of doing that we in addition demanded a Lump Sum award of alimony from his non-marital estate. And we demanded the jury award it to us. Long and short, this case ended up settling because the husband’s attorney saw the very large liability he had for the jury awarding a portion of his client’s non-marital assets to my client.
This could have been millions of dollars and possible liability for him, because we had a great case for an award of Lump Sum Alimony under these circumstances. This is one of the nuance factors of family law and divorce law that most people aren’t even aware of. And at Shaw Law Firm this is all we do, and we welcome your inquiries and questions. Thank you.
By: Scott Shaw
Hello. My name is Scott Shaw, founder and principal of Shaw Law Firm, LLC. A law firm I founded in 1995. Child custody along with divorce and other areas of family law are our only area of legal practice. We don’t accept any other types of cases. In this video I will be discussing the topic of Lump Sum Alimony. When most people think of alimony, they think of a monthly payment to the other spouse.
Lump Sum Alimony is different though. It is different because it is a one time award of assets to the other spouse, and it’s a very dangerous thing to play around with. Lump Sum Alimony is so dangerous, because it is a way for a court or a jury to punish the other party, or to otherwise do equity. Because in a divorce, what usually happens is that each party is awarded their non-marital or premarital assets, and then the parties divide up the marital assets.
But what happens when most of the assets are one party’s non-marital assets, leaving very little to divide to the other party? In such a case, the court has the power to invade your non-marital estate even if you inherited it, owned it before marriage or whatever, and award some or all of it to your spouse. And a court can do so just because, in the right case it is a huge weapon and it should be scary to you.
One case where this came into great effect for me involved a jury trial in which the opposing party, which is the husband in that case, brought a few million dollars into marriage. And he married my client, where the time of marriage was a six figure per year consultant, while he is having an affair with another woman. A few years into the marriage, my client gave up her career in order to have a baby. The opposing party was still having this affair with this other woman, and in fact had another baby with this woman unbeknownst to my client.
Five years past, and by the time my client figured all this out, her job skills had antiquated. Yet most of the assets in the case were still the husband’s non-marital assets that he brought into the marriage to begin with. He thought he was looking pretty, and my client had no ability to be awarded those assets. Since most of the assets in this case were non-marital, there wasn’t a whole lot to claim as marital property. We could ask for monthly traditional alimony, but instead of doing that we in addition demanded a Lump Sum award of alimony from his non-marital estate. And we demanded the jury award it to us. Long and short, this case ended up settling because the husband’s attorney saw the very large liability he had for the jury awarding a portion of his client’s non-marital assets to my client.
This could have been millions of dollars and possible liability for him, because we had a great case for an award of Lump Sum Alimony under these circumstances. This is one of the nuance factors of family law and divorce law that most people aren’t even aware of. And at Shaw Law Firm this is all we do, and we welcome your inquiries and questions. Thank you.
By: Scott Shaw
In this video, I will be discussing the topic of international divorce, child custody, and passport issues. Family law issues frequently cross state and even international boundaries. We have handled cases involving the following countries: South Africa, Indonesia, India, Pakistan, Germany, Great Britain, Egypt, Saudia Arabia, Canada, China, Mexico, Peru, Russia, France, and probably a few other countries that I do not even recall. These cases create some very complex jurisdictional and international procedural questions.
Are foreign international divorces and custody orders enforceable in the United States even if there is no treaty with the country? To answer your question, in general, no matter which country you are from, as long as you reside in the state of Georgia for six months you can get a divorce in the state of Georgia. Your spouse does not have to consent to the divorce. Your spouse does not even have to come to the state of Georgia. With or without his or her cooperation you can get the divorce. And in most countries in the world the divorce will be legally binding on both of you.
There are sometimes special issues dealing with Muslim divorces being recognized in certain parts of the Middle East that we can discuss with you, but, in general, a divorce in the United States will be recognized abroad. Likewise, if your children have lived in the United States for at least six months and call Georgia home we can probably get a custody order in the state of Georgia that would be legally enforceable in most countries in the rest of the world. One common issue is whether or not a child may travel internationally after the case. The issue is twofold.
Will I be able to travel internationally with my child even if the other parent does not consent? Or two: Will I be able to prevent the other parent from taking the child out of the country without my consent?The court may not have the power to force a parent to cooperate with obtaining a passport, but the court does have the power to issue an order that allows one parent – without the consent of the other parent – to obtain a passport.
What this means from a practical perspective is you need to resolve any passport issues that may exist in your case with an appropriate court order. You cannot wait and rely on the other parent to cooperate with you after a child’s passport expires. International Family Law issues are becoming more and more common and it should not be so difficult to find a good lawyer to deal with these.
By: Scott Shaw
In this video, I will be discussing the topic of international divorce, child custody, and passport issues. Family law issues frequently cross state and even international boundaries. We have handled cases involving the following countries: South Africa, Indonesia, India, Pakistan, Germany, Great Britain, Egypt, Saudia Arabia, Canada, China, Mexico, Peru, Russia, France, and probably a few other countries that I do not even recall. These cases create some very complex jurisdictional and international procedural questions.
Are foreign international divorces and custody orders enforceable in the United States even if there is no treaty with the country? To answer your question, in general, no matter which country you are from, as long as you reside in the state of Georgia for six months you can get a divorce in the state of Georgia. Your spouse does not have to consent to the divorce. Your spouse does not even have to come to the state of Georgia. With or without his or her cooperation you can get the divorce. And in most countries in the world the divorce will be legally binding on both of you.
There are sometimes special issues dealing with Muslim divorces being recognized in certain parts of the Middle East that we can discuss with you, but, in general, a divorce in the United States will be recognized abroad. Likewise, if your children have lived in the United States for at least six months and call Georgia home we can probably get a custody order in the state of Georgia that would be legally enforceable in most countries in the rest of the world. One common issue is whether or not a child may travel internationally after the case. The issue is twofold.
Will I be able to travel internationally with my child even if the other parent does not consent? Or two: Will I be able to prevent the other parent from taking the child out of the country without my consent?The court may not have the power to force a parent to cooperate with obtaining a passport, but the court does have the power to issue an order that allows one parent – without the consent of the other parent – to obtain a passport.
What this means from a practical perspective is you need to resolve any passport issues that may exist in your case with an appropriate court order. You cannot wait and rely on the other parent to cooperate with you after a child’s passport expires. International Family Law issues are becoming more and more common and it should not be so difficult to find a good lawyer to deal with these.
By: Scott Shaw
Temporary orders take effect during a divorce at the time the judge signs them and enters them with the clerk of court. It’s that simple. Once the order is signed, it gets entered with the clerk of court, there’s a file stamp date on it, the order is good and valid until either the divorce is dismissed, or a new order takes its place.
By: Scott Shaw
Temporary orders take effect during a divorce at the time the judge signs them and enters them with the clerk of court. It’s that simple. Once the order is signed, it gets entered with the clerk of court, there’s a file stamp date on it, the order is good and valid until either the divorce is dismissed, or a new order takes its place.
By: Scott Shaw
That can vary quite a bit. Divorces vary from uncontested divorces where all the issues are agreed to, to outright wars. An uncontested divorce, usually you can get it done – if there’s an agreement on all issues – within 60 to 90 days.
As for the most outrageous divorces, the ones that carry on the longest, 18 months to 2 years. At Shaw Law Firm, we strive to push our cases forward. We like to solve problems. We get to the nitty gritty of the issues, so we try to move things forward quicker, so our cases generally 6 to 18 months is probably the longest case we’ll have, but there are some divorces that can stretch out even longer.
By: Scott Shaw
That can vary quite a bit. Divorces vary from uncontested divorces where all the issues are agreed to, to outright wars. An uncontested divorce, usually you can get it done – if there’s an agreement on all issues – within 60 to 90 days.
As for the most outrageous divorces, the ones that carry on the longest, 18 months to 2 years. At Shaw Law Firm, we strive to push our cases forward. We like to solve problems. We get to the nitty gritty of the issues, so we try to move things forward quicker, so our cases generally 6 to 18 months is probably the longest case we’ll have, but there are some divorces that can stretch out even longer.
By: Scott Shaw
Georgia is an equitable division of property state and not a community property state. What that means is assets are not necessarily divided 50-50 between the parties. There are a lot of factors that go into the case. In the right case, you can argue that one party should get more than half of the assets. In most cases, in the end, once you’re able to ascertain what the assets are and put a valuation on them, the assets will generally be divided 50-50 between the parties.
By: Scott Shaw
Georgia is an equitable division of property state and not a community property state. What that means is assets are not necessarily divided 50-50 between the parties. There are a lot of factors that go into the case. In the right case, you can argue that one party should get more than half of the assets. In most cases, in the end, once you’re able to ascertain what the assets are and put a valuation on them, the assets will generally be divided 50-50 between the parties.
By: Scott Shaw
Maybe the most common is what to do with the marital home and it’s not such an simple issue as one might think. Issues run the gamut. For example, what if one party wants to stay in the house, but the other party is the person whose name is on the mortgage? You don’t want to let that party stay in the house when they have no skin of the game. What if they don’t pay the mortgage? The other guy’s the one who’s going to be collected on and have their credit rating hurt. So, you need to address issues like that.
There’s also issues, how do you value the home? What if you want to sell the home? What’s the procedure to do it? You don’t want to happen what happened on one of the cases I had where previous counsel before me had agreed they’ll just average up the husband and wife’s selling price and sell it as an average. The home stayed in the market for 720 days. It deteriorated to practically nothing because the wife wanted to stay in there free. So, it was worth $2,000,000. The husband thought it was worth nothing, so it was worth $400,000. You average it together, it wasn’t worth anywhere near what the average was. So, you have to take into consideration things even as minute as the process to sell the home.
By: Scott Shaw
Maybe the most common is what to do with the marital home and it’s not such an simple issue as one might think. Issues run the gamut. For example, what if one party wants to stay in the house, but the other party is the person whose name is on the mortgage? You don’t want to let that party stay in the house when they have no skin of the game. What if they don’t pay the mortgage? The other guy’s the one who’s going to be collected on and have their credit rating hurt. So, you need to address issues like that.
There’s also issues, how do you value the home? What if you want to sell the home? What’s the procedure to do it? You don’t want to happen what happened on one of the cases I had where previous counsel before me had agreed they’ll just average up the husband and wife’s selling price and sell it as an average. The home stayed in the market for 720 days. It deteriorated to practically nothing because the wife wanted to stay in there free. So, it was worth $2,000,000. The husband thought it was worth nothing, so it was worth $400,000. You average it together, it wasn’t worth anywhere near what the average was. So, you have to take into consideration things even as minute as the process to sell the home.
By: Scott Shaw
You begin your divorce by contacting a good attorney who knows what they are doing, and your attorney will consult with you, advise you whether you should even get a divorce, talk about the relevant issues you have to deal with, whether now is even a good time to file, what sort of planning you need to do, and the attorney will instruct you how to proceed forward.
By: Scott Shaw
You begin your divorce by contacting a good attorney who knows what they are doing, and your attorney will consult with you, advise you whether you should even get a divorce, talk about the relevant issues you have to deal with, whether now is even a good time to file, what sort of planning you need to do, and the attorney will instruct you how to proceed forward.
By: Scott Shaw
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