How will the assets and debts be divided?
Georgia and Florida both follow an equitable division approach to dividing marital assets and debt. Meaning, the assets and debts will be divided in a fair and equitable manner between the spouses, not necessarily 50/50. In most cases, this does not include property received by gift from a third party or by inheritance. Many factors are considered, including but not limited to the behavior of the parties during the marriage and the cause of the separation. Other factors that may be considered are whether one party contributed separate or premarital property to the marriage. There is no set formula or percentage amount used to divide marital property. Each case is uniquely handled according to the guidelines established by the statutes of the state in which the divorce was filed.
