Is Fair the Same as Equal?
One could argue that divorce is never fair. It’s never fair that you’ve experienced such heartbreak that would lead to the end of a relationship you once thought of as forever. But since it did, it’s now in your best interest to work with a family law expert to ensure that you get your fair share. But is fair the same as equal? Before you make any decisions or sign any papers, talk to a family law attorney who can be sure you’re getting the best outcome.
Equal Distribution
As simple as it sounds, equal distribution means that assets are split 50/50. This is something that can be easily done with some things, such as bank accounts, but it becomes more complicated with other marital property.
Some people might consider it fair to sell property and split the money equally, but that may not always be the most desirable outcome for a variety of reasons.
Equitable Distribution
More family lawyers will talk about equitable distribution. It is not a half and half split of assets or property, but the division is split in a fair manner.
This occasionally takes into account individual assets. For example, if one partner has property that’s not included in marital assets, the other partner may be given something of similar value.
The idea is to ensure that each party has the best financial picture in place after the divorce. And equitable distribution also takes into account specifics such as the age of each spouse, the length of the marriage, or any health or care needs that may come into play.
Talk to an Expert
The most important thing you can do is talk to an expert in family law. Divorce, even the most mutual decision, can become complicated and you want to ensure you have someone in your corner. An attorney specializing in family law in Sandy Springs, Cumming, Dunwoody, and Atlanta can help you navigate the complicated waters of the next part of your journey.
Do you want to ensure that you have a fair and equitable division of assets during your divorce? Contact Shaw Law today to learn more.