Aspects You Must Understand Regarding Property And Debt Division During Fast Divorce GA
by James Sanders
Fast divorce is an enticing option for most couples that wish to have their marriages dissolved. Ideally, if the partners can amicably agree about different topics, then they can skip the emotional and financial nightmare associated with adversarial proceedings. Even though it is easy to agree on most topics, it can be extremely challenging to make decisions associated with property and debt division. If you want to file for <a href="www.mariettadivorce.com/child-support.html">fast divorce GA</a> is an excellent place where you could begin your research.
It is possible to come up with mutually agreeable solutions without getting into a tug of war. A reliable attorney will be there to guide you through each step and will generally ensure that you and your spouse are able to meet in the middle and make fair agreements. With the right assistance and the willingness to compromise, it will not be necessary for you to have decisions made for you by the family law courts.
It remains imperative for you to understand a few facts about property and debt division. First, you should know about the two kinds of assets that are involved in a divorce case. There are community assets which involve everything that was acquired during the period of your union. During divorce, it is the community assets that get divided among the partners.
Non-community assets are properties that are specifically under your name or the name of your partner. Such properties are not divided and they remain in the ownership of the designated individual. Non-community properties can include inheritances or even personal injury settlements paid to a specific spouse.
Most couples battle over house ownership. Well, if you have kids, the partner supposed to live with the children most of the time is typically awarded the family home. In case there are no kids in your marriage, no hard rules apply and you could even decide to sell the house and split the proceeds. Your attorney can again assist in in reaching a sensible agreement.
Getting to an agreement about debts and credit can be nerve-wracking. Even in a no-fault divorce, couples tend to have issues when deciding who will settle the debts. Normally, any debt that is solely in your name is your personal responsibility. On the other hand, debts in joint accounts are supposed to be divided equally. Even so, a debt under your name only that was used to acquire jointly owned property should be divided.
In some cases, a spouse may have cosigned against the debt of his or her partner. In this case the partners must agree on how the debt in question will be paid. This is because you will be held responsible for the debt by the law and also by the involved lender. In case your partner does not pay the debt as expected, then the lender will be allowed to legally demand that you settle the outstanding balance.
The chances of making mistakes when negotiating about property and debt division are usually very high. Because of this, you cannot afford to work without an attorney in your corner. An experienced specialist can help you dodge blunders that can haunt you for the rest of your life.
For a <a href="http://www.mariettadivorce.com/child-support.html">fast Divorce GA</a> lawyer is your best option. Schedule a consultation by visiting the relevant website now at http://www.mariettadivorce.com/child-support.html.
---------------------------------------------------
You are receiving this because you signed up for it on 2011-10-03 from IP 178.122.131.116
To fine-tune your selection of which articles to receive, just login here:
http://www.uniquearticlewizard.com/bloggers/
using your username:
To unsubscribe please use the following link:
http://www.uniquearticlewizard.com/unsubscribe.php?mail=daniel.mason589.divorc@blogger.com&code=0b6a5f73b2991f47a572740db697b156
---------------------------------------------------
