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
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
The answer is no. The court offers mediation services and many counties require mediation of a case, not all counties. For example, Gwinnett country won’t require you to mediate, but they do encourage it. And other counties like county require mediation. But in regards to marriage counseling and trying to patch the marriage up, that’s something we can agree to. We can even get the court to sign an order that the parties will try to go to marriage counseling, but the court will not offer such a service to you.
By: Scott Shaw
The answer is no. The court offers mediation services and many counties require mediation of a case, not all counties. For example, Gwinnett country won’t require you to mediate, but they do encourage it. And other counties like county require mediation. But in regards to marriage counseling and trying to patch the marriage up, that’s something we can agree to. We can even get the court to sign an order that the parties will try to go to marriage counseling, but the court will not offer such a service to you.
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
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
Under Georgia law, there are 13 different reasons for a divorce and reason number 13 says the marriage is irretrievably broken and there’s no chance to patch it up. That’s all you need to do. You need to allege that the marriage is irretrievably broken and you can’t patch it up. Now your spouse can actually contest even that issue, but it’s not done very often. In the end, you really don’t need a reason other than you guys can’t get along anymore.
But if you have a reason, there are 12 other reasons as well such as adultery, cruelty, drug abuse, and many other factors that are sometimes relevant to a divorce. Quite often, we take this issue for granted because it’s just a routine issue and no one is going to contest the need for the divorce, but in the right case, the grounds for divorce can be very critical.
By: Scott Shaw
Under Georgia law, there are 13 different reasons for a divorce and reason number 13 says the marriage is irretrievably broken and there’s no chance to patch it up. That’s all you need to do. You need to allege that the marriage is irretrievably broken and you can’t patch it up. Now your spouse can actually contest even that issue, but it’s not done very often. In the end, you really don’t need a reason other than you guys can’t get along anymore.
But if you have a reason, there are 12 other reasons as well such as adultery, cruelty, drug abuse, and many other factors that are sometimes relevant to a divorce. Quite often, we take this issue for granted because it’s just a routine issue and no one is going to contest the need for the divorce, but in the right case, the grounds for divorce can be very critical.
By: Scott Shaw
In equitable division, stock options are subject to be divided in a divorce. Now, stock options can be a very complicated asset to divide. Not all employer plans actually allow stock options to be divided to each party, so you often have to determine what the monetary value of the stock option is to make sure the options can be divided.
Sometimes, you have to become a trustee for your spouse. A very complicated issue, and often is very hotly contested, is what if there are contingencies to be awarded of your stock option or other investment vehicle. For example, let’s say you have options that you’ve been awarded, but you only get them if you remain in the company – the golden handcuffs or something. You can argue that those options, even though it’s your option to quit the company, should not be awarded as marital property because if you don’t work the four years after the marriage, you don’t get them.
These are hotly contested issues. But, in general, your typical stock option that has been invested during the marriage needs to be valued and the property is divided in equitable division in the State of Georgia.
By: Scott Shaw
In equitable division, stock options are subject to be divided in a divorce. Now, stock options can be a very complicated asset to divide. Not all employer plans actually allow stock options to be divided to each party, so you often have to determine what the monetary value of the stock option is to make sure the options can be divided.
Sometimes, you have to become a trustee for your spouse. A very complicated issue, and often is very hotly contested, is what if there are contingencies to be awarded of your stock option or other investment vehicle. For example, let’s say you have options that you’ve been awarded, but you only get them if you remain in the company – the golden handcuffs or something. You can argue that those options, even though it’s your option to quit the company, should not be awarded as marital property because if you don’t work the four years after the marriage, you don’t get them.
These are hotly contested issues. But, in general, your typical stock option that has been invested during the marriage needs to be valued and the property is divided in equitable division in the State of Georgia.
By: Scott Shaw
After you’ve been served, you have 30 days to file an answer, and this is not something that you can or should ignore. If you do not file an answer, the other party can proceed forward, and after 45 days, ask the court to take a default judgment against you, which is not something you want to do. If you’ve been served with legal papers, you need to immediately contact an attorney, seek advice, and start planning on how to respond. It may be a case that perhaps we can settle quickly, or maybe a case that will be required to be contested. Contact an attorney immediately.
By: Scott Shaw
After you’ve been served, you have 30 days to file an answer, and this is not something that you can or should ignore. If you do not file an answer, the other party can proceed forward, and after 45 days, ask the court to take a default judgment against you, which is not something you want to do. If you’ve been served with legal papers, you need to immediately contact an attorney, seek advice, and start planning on how to respond. It may be a case that perhaps we can settle quickly, or maybe a case that will be required to be contested. Contact an attorney immediately.
By: Scott Shaw
In a divorce proceeding, debt is often a very big issue – who’s responsible for what debt. It’s often one of the most difficult issues to deal with, because first you have to figure out what the debt was, who incurred the debt, what the debt was incurred for? Was it incurred for a girlfriend? Was it incurred to raise the family? Who should actively be responsible for the debt?
Once you’ve determined who should be responsible for what debt, it’s very important to remember that although the court can order one party to pay your debt, the court cannot order the party who owns that debt to not hold you responsible for liable. For example, if the court orders your husband to pay off your credit card, but your husband files for bankruptcy, you’re suddenly liable for that debt. It’s issues like that that we have to address in order to protect our clients, and make sure that the issue of debt is properly taken care of in divorce.
By: Scott Shaw
In a divorce proceeding, debt is often a very big issue – who’s responsible for what debt. It’s often one of the most difficult issues to deal with, because first you have to figure out what the debt was, who incurred the debt, what the debt was incurred for? Was it incurred for a girlfriend? Was it incurred to raise the family? Who should actively be responsible for the debt?
Once you’ve determined who should be responsible for what debt, it’s very important to remember that although the court can order one party to pay your debt, the court cannot order the party who owns that debt to not hold you responsible for liable. For example, if the court orders your husband to pay off your credit card, but your husband files for bankruptcy, you’re suddenly liable for that debt. It’s issues like that that we have to address in order to protect our clients, and make sure that the issue of debt is properly taken care of in divorce.
By: Scott Shaw
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