Who Gets the House?
Georgia is an equitable distribution state. In the event of a divorce, all property acquired during the marriage must be divided "fairly and equitably". This does not mean that all assets will be divided equally, and it does not mean that property each party had prior to the marriage is necessarily excluded from equitable division. This includes the house.
Things that may be considered property include, but are not limited to:
houses businesses bank accounts automobiles
jewelry furnishing artwork stocks and bonds
pensions electronics boats, ATV 's, etc retirement plans
In short, everything that you own which either has value or generates income is going to be divided up. Some states, like New York, will even include the value of degrees, licenses, and professional certifications that were earned during the marriage in the property calculations. At present, Georgia does not do this, but it does not mean someone will not try to include them in the settlement.
Depending on your career and investment success, one asset that probably ranks among the most valuable is the house. The house is also the most difficult asset to "equitably divide". While the courts cannot place a value on memories, people often do. After all, a lifetime of memories is not always easy to part with, even if the memories were not all great. The emotions associated with a house can cause a great divide even when other assets are split amenably. When children are
Owning a loved pet, or owning valuable memories that can never be forgotten, it proves that owning these artifacts and characteristics, brings out the unique personality traits of someone. Someone reminiscing their childhood memories can show the importance or value of having a childhood. Ownership can truly reveal crucial life lessons you may never learn with the absence of ownership. The skills you obtain become your identity, which shows how ownership and moral character associate with one another. Owning something does not specifically have to be a physical object, as long as you can control what it is. Once I obtain skills and knowledge, no one can diminish them from my ownership. Though the moment may fade, the memory is everlasting. Ownership is a critical building block to who are you and who you can eventually become in the
The House Taken Over, a Short story by Julio Cortázar, and The Fall of The House of Usher, a short story by Edgar Allen Poe, Both have a very similar goth type themed plot. Julio Cortázar published his story in 1946, while Edgar Allen Poe’s story was published in 1839. Although both stories have many similarities, they also have many differences.
The marriage between the two parties involved (Richard S. Dougall and Myrna R. Dougall) was dissolved in 2008 with the dissolution decree ordering Richard to pay Myrna $750 per month in spousal maintenance. Each of the two parties was also awarded one half interest in two parcels of property. Richard was ordered by the court to obtain appraisals and pay a fair share of the equity (as designated by the court’s property division assessment) to Myrna. In 2011, the court entered two judgments against Richard for failing to comply with obligations set down in the court order. A $5,000 judgment represented Myrna’s interest in one of the properties. The second judgment for $4,745 represented spousal maintenance arrearages. The court also reduced Richard’s spousal maintenance obligation to $500 per month effective August 2011.
You and your husband are married for two years living in community property state with a prenuptial agreement declaring that all the property owned is a separate property. You came to seek for advice to accomplish your financial objectives. Being able to retire when you reach age 65 is your priority. On the other hand ability to minimize death tax at the death of the first spouse and the death of the second spouse and provide adequate liquidity for each of your estates are important factors you would like to plan and possible accomplish in the future.
Discuss the relevance today of Abraham Lincoln’s statement, “A house divided against itself cannot stand.”
"Marriage triggers a universe of rights, privileges, and presumptions. A married person can share in a spouse's estate
There are more than 1,100 federal statutory provisions in which marital status is a factor in determining or receiving benefits or privileges. (GAO). Married partners receive tax benefits, allowing them to file joint income tax returns; receive estate planning benefits, by inheriting from the deceased spouse’s estate and receiving an estate and gift tax exemption for all property left for the living spouse; and government benefits, including receipt of Social Security, Medicare, and disability benefits attach to married couples. (Nolo).
The just might take how long the couple was married along with other factors. The longer the marriage, the court will usually deem the property to be marital instead of separate. Will my ex-spouse get any of my accident settlement if we divorce? Payments for pain and suffering resulting from a personal injury are usually counted as a separate asset to the injured spouse. But, settlement money for expenses and lost earnings could be considered as a marital asset in the eyes of the court. Can I deny visitation as the custodial parent? Visitation is for the benefit of the children and they have a right to spend quality time and be loved by both parents. The custodial parent cannot deny visitation of the non-custodial parent even if the children do not want to visit the non-custodial parent anymore. Also, the non-custodian parent cannot deny visitation because of ill feelings towards their ex-spouse. But, if the children are endangered or harmed during visitation with the non-custodial parent, there is the option to ask the court to change the visitation terms in the divorce. Consult a divorce lawyer before taking this route. How do I deal with an inquiry from IRS regarding tax returns filed by my ex-spouse when we were
Alimony is a legal obligation to provide financial support to one’s spouse before or after marital separation or divorce. Traditionally, the husband was responsible for paying alimony to a separated or former wife but since the 1970’s, thanks to gender equality movements and now to changing marital laws, both spouses are now legally recognized for paying alimony to one another in cases of marital separation or divorce. Though it is often required to be paid on top of child support, in cases where the separated or divorced couple has children, alimony is an entirely
Brown v. Brown, 195 Md. App. 72, 109-10 (2010) (emphases, quotations, and citations omitted). Notably, the court may only transfer ownership of marital property or make a monetary award “after the court determines which property is marital property, and the value of the marital property.” Md. Code (1984, 2012 Repl. Vol., 2015 Suppl.), § 8-205(a) of the Family Law Article (“FL”).
When I was in 8th grade my friends and i heard that there was a cave in the mountains behind my house. The next week I asked my neighbors if they wanted to hike around the mountains to find it they agreed. We found the cave in around 10 minutes and i went in it alone. The cave entrance is very small and you have to lay on the ground to get in. When i got in there was a 4 foot hole in the ground with a plank of wood over it and when i walked over the wood moved left a bit
The House Divided Speech was addressed by Abraham Lincoln on June 1958. He delivered the speech upon his acceptance of Illinois Republican Party’s nomination as the senator of the state. Thus the speech became a very important launching campaign for his success in politics thus giving him a national limelight that saw him in the elections to the presidency in 1860.The speech primarily addressed on the issue of slavery in America. Abraham Lincoln delivered his speech aimed at establishing his strong beliefs towards the acts of slavery. The speech was also meant to point out a differentiating factor of beliefs from Stephen Douglas and the rest of the top governmental
the family. He is no longer responsible for the family and the work that comes with
People usually think that owning property comes with no problems or complications sometimes along the road. Most of them think that the title, loan, transfer documents and a homeowner insurance (which provide owners with theft, fire and liability coverage) are enough for them to keep their homes and cede it to their children, once they are gone.
When parents become divorced there are many decisions that they must come to an agreement upon. "How will are possessions be divided?" and "What will happen to the children?" are often the most asked questions when divorce occurs. Custody is almost always the largest battle when husband and wife become divorced. Custody includes all duties a parent owes a child including, food, shelter, protection discipline, education, and even a child's religious beliefs (Martin 32). Often, a judge must make custody decisions for the parents. There are several types of custody, but the most common are sole custody, joint legal custody, and joint physical custody.