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Dissipation Should Timing Be a Factor? Atlanta Divorce Lawyer Form
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People also ask
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Why would a divorce lawyer drop a client?
There are basically three main reasons: The client hasn't paid his/her bills, The lawyer and client are unable to work together (usually shorthand for client insisting on an improper course of action), or Client has gone AWOL and lawyer hasn't been able to communicate with the client.
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Why does a divorce settlement take so long?
Why is my divorce taking so long? Mandatory 6-month waiting period. You have a reason to delay prosecution. Discovery. Lawyers or parties or court schedules. There is another pending case related to your case and the issues in that case must be resolved first. Technical difficulties, such as: The Court lost your file.
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What are considered marital assets in Georgia?
The home and cars are the most common pieces of marital property. But 401(k) contributions, gifts that were made between the spouses, and other debts and assets also count.
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What is a wife entitled to in a divorce settlement in Georgia?
What is a spouse entitled to in a divorce in Georgia? Under Georgia law, each spouse is entitled to an “equitable” share of the marital property. This does not equate to an equal division, but instead a “fair” split between the parties.
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What assets can you lose in a divorce?
For example, a house, car, or furniture. It's also things like a bank account, pension, 401k, or stocks. Even if you divided everything informally when you separated, a judge still needs to make a formal order about these issues. This doesn't mean you have to go to court.
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What is a dissipated asset?
What is a Dissipated Asset? Dissipated assets are anything of value that you had and subsequently sold, which could have satisfied your tax liability. For example, the sale of a business or car could be a dissipated asset.
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What is dissipation of marital assets in Georgia?
Marital waste dissipation occurs when one spouse recklessly depletes marital assets, potentially leaving the other spouse with fewer resources during the divorce settlement. This often involves excessive spending on non-essential items, extravagant gifts or hidden financial transactions.
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What does dissipation of marital assets mean?
This occurs when marital funds or property are wasted, hidden, or used for non-marital purposes, such as reckless spending, transferring assets to third parties, or funding an affair. Such actions can severely impact the equitable division of property, leaving one spouse at a financial disadvantage.
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