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
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.
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
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
In a divorce in Georgia, an issue that often comes up is how do you divide a military pension? Under federal law, a military pension is considered to be marital property in a divorce. Now the entirety of the military pension may not be marital, but the portion that you earn during the marriage is subject to be divided in the state of Georgia.
So one of the first challenges you have is to ascertain what portion of your military pension is going to be marital property and subject to division and what portion is not, and therefore you’ll get to keep without dividing it with your spouse, and this is not an issue. It’s just any attorney can figure out for you.
It’s often mistakes are often made on it. Another misconception for military pensions is people often think that you have to be in the military for ten years in order for a pension to be divided, but that’s not true. The ten year rule only applies to how long you have to be married if you want the military to garnish your share of the pension.
If you’re married for less than ten years, the pension is still subject to be divided. You just have to get it paid directly from the spouse who receives the military pension. Military pensions are a frequent issue in divorce. Shaw Law Firm has handled many of these. If you have any questions, we’d be happy to take your telephone calls or inquiries. Thank you.
By: Scott Shaw
In a divorce in Georgia, an issue that often comes up is how do you divide a military pension? Under federal law, a military pension is considered to be marital property in a divorce. Now the entirety of the military pension may not be marital, but the portion that you earn during the marriage is subject to be divided in the state of Georgia.
So one of the first challenges you have is to ascertain what portion of your military pension is going to be marital property and subject to division and what portion is not, and therefore you’ll get to keep without dividing it with your spouse, and this is not an issue. It’s just any attorney can figure out for you.
It’s often mistakes are often made on it. Another misconception for military pensions is people often think that you have to be in the military for ten years in order for a pension to be divided, but that’s not true. The ten year rule only applies to how long you have to be married if you want the military to garnish your share of the pension.
If you’re married for less than ten years, the pension is still subject to be divided. You just have to get it paid directly from the spouse who receives the military pension. Military pensions are a frequent issue in divorce. Shaw Law Firm has handled many of these. If you have any questions, we’d be happy to take your telephone calls or inquiries. 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
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 do not accept any other types of cases.
In this video, I will be discussing the topic of appeals. What happens when the trial judge gets it wrong? It is very frustrating and can be very disillusioning actually, as we believe trial judges know the law and will apply the law properly. And for the most part they do. However when they don’t, what happens? The answer is you appeal.
In the past three months alone, we have won appeals and have overturned the decisions of three different trial judges. And we expect to win a fourth one shortly. In some of these cases, the law is rather plain and clear, at least to me, and yet the judge decided otherwise. So we appeal these cases to try to fix these things. It can be disillusioning to have to deal with an appeal. You feel like you did something wrong, or you lost the case. But that is not always the case.
As an example, one appeal that we just won involve a case where the trial court personally sanction me. Why? Because I made a legal argument that happened to be right. But the court thought it was wrong, and the opposing attorney to this day still does not understand it. Yet to me it was simple and straightforward, and I knew I was right. So sure enough we appealed it. And on appeal, not only did the judge of the supreme court overturn the sanctions against me, the court also said I was right. My client won the case.
So long and short, sometimes trial courts do not get it right. And when they do not, we still have our remedy, and we can still win the case. At Shaw Law Firm we have a track record of successfully handling appeals, and we welcome your inquiries regarding that. Keep in mind that to appeal the decision, there are tight deadlines. Usually you have to file your endorsed appeal no later than 30 days from the date of entry of the order that you want to appeal. We will be happy to speak with you regarding any potential appeal issue that you may have. 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 do not accept any other types of cases.
In this video, I will be discussing the topic of appeals. What happens when the trial judge gets it wrong? It is very frustrating and can be very disillusioning actually, as we believe trial judges know the law and will apply the law properly. And for the most part they do. However when they don’t, what happens? The answer is you appeal.
In the past three months alone, we have won appeals and have overturned the decisions of three different trial judges. And we expect to win a fourth one shortly. In some of these cases, the law is rather plain and clear, at least to me, and yet the judge decided otherwise. So we appeal these cases to try to fix these things. It can be disillusioning to have to deal with an appeal. You feel like you did something wrong, or you lost the case. But that is not always the case.
As an example, one appeal that we just won involve a case where the trial court personally sanction me. Why? Because I made a legal argument that happened to be right. But the court thought it was wrong, and the opposing attorney to this day still does not understand it. Yet to me it was simple and straightforward, and I knew I was right. So sure enough we appealed it. And on appeal, not only did the judge of the supreme court overturn the sanctions against me, the court also said I was right. My client won the case.
So long and short, sometimes trial courts do not get it right. And when they do not, we still have our remedy, and we can still win the case. At Shaw Law Firm we have a track record of successfully handling appeals, and we welcome your inquiries regarding that. Keep in mind that to appeal the decision, there are tight deadlines. Usually you have to file your endorsed appeal no later than 30 days from the date of entry of the order that you want to appeal. We will be happy to speak with you regarding any potential appeal issue that you may have. Thank you.
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
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
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