Marital vs Non-Marital Property | Atlanta Divorce
Marital vs Non-Marital Property in Atlanta
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.
Valuing Property and Proving Interest
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