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In the heat of the moment, its easy for those going through a divorce to act out of fear and resentment and, therefore, end up making poor financial decisions. Here are some important things to know that may ultimately result in a more equitable divorce settlement for both parties.
Georgia divorce law says that marital property is any property obtained during the marriage, except for property received as a gift from someone outside the marriage or by inheritance. Each spouse is entitled to a fair share of any marital property obtained during the marriage. The court does not use a set formula when dividing the marital property. Instead, the court will divide the marital property equitably, but not necessarily equally. This occurs regardless of whose name is on the title.
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