Atlanta Investments Division Attorney
Divorce is a complex process, emotionally and legally. Among the many intricate facets, dividing investments can be particularly challenging. If you’re going through a divorce, our Atlanta investments division attorney at Kaye, Lembeck, Hitt & French can be essential for safeguarding your financial future.
Understanding Investments Division
Investment division is the process of separating investments between spouses during divorce proceedings. These investments may include stocks, bonds, mutual funds, real estate properties, business ventures, and retirement accounts.
An example of an investment division in Atlanta:
Imagine a couple in Atlanta who have been married for 20 years and have accumulated various stocks, bonds, and rental property. During the divorce, the court will look into various factors, such as the length of the marriage, contributions made by both parties and current financial circumstances, to divide these investments equitably. This division can become complicated if one spouse is the primary breadwinner or the investments have different tax implications.
Georgia operates under “equitable distribution” laws. This means that marital assets, including investments, will be divided in a manner that is fair but not necessarily equal. Several factors can influence this:
– Contributions of each spouse to the acquisition of the investment
– Tax implications of dividing particular assets
– The future financial needs of each party
Protecting Your Investments
To safeguard your investments during a divorce, it’s crucial to take several steps. First, ensure that you have well-documented records indicating who contributed to each investment, as this can be pivotal in asset division. Second, familiarize yourself with the tax implications of liquidating or transferring assets, which can affect your financial stability post-divorce. Third, while your attorney will provide legal guidance, consulting a financial advisor for a comprehensive financial strategy is often beneficial. Lastly, if you have prenuptial or postnuptial agreements in place, these can serve as valuable tools in dictating how investments will be divided, potentially simplifying the process.
In Atlanta and throughout Georgia, any investment acquired or contributed to during the marriage is generally considered marital property and subject to equitable distribution. However, any investments owned before marriage may remain separate property. Knowing your rights and having an experienced attorney to advocate for a fair division is crucial.
Contact Kaye, Lembeck, Hitt & French – Atlanta Attorneys Specializing in Investments Division
Dividing investments in a divorce is not just about splitting assets; it’s about protecting your financial future. The expertise of our Atlanta investment division attorney at Kaye, Lembeck, Hitt & French can make the process more manageable and the outcomes more favorable. Contact us today for assistance.