Asked 7/14/2010
|
If premarital property is sold during the marriage for a profit over the original value at the time of marriage, is any part of the sale income considered to be community/marital property? My husband's family business (him, his sister, and both of his parents) owned property in Texas prior to our marriage. The monetary value of the land at the time of our marriage about 18 years ago was very small, but after our marriage, oil was discovered on the land. After I filed for divorce (it still is not final) in Georgia where we are both currently residents, the land was sold for a huge profit, with each member of the "family business" receiving 1/4 of the proceeds. Is any part of my spouse's profit from this land sale considered community or marital property? I have been advised by one attorney in Texas and another in Georgia that half of my spouse's part, minus his part of the premarital value, is considered mine. My own divorce lawyer does not seem to think so, however he doesn't seem all that sure. How is this situation addressed in Georgia law? Is there a reference that can be cited for my lawyer to look up? There are also three minor children involved, and I have been granted temporary custody and anticipate full custody after the divorce. |
Type your Answer in the box below and post your answer.
Divorced in georgia(papers still there),both parents live in florida.divorced in 2000.no visitation missed over this time. now my 11 year old says " does not want to go". has spoken to dad and he says"you have no choice, it is my time".talked over 30 min (as i was told) to argue...
Bob is 45 yrs old and divorced. he paid $600 per month to an assisted living facility where his mother lives. his mothe received $500 in interest during the year. bob's daughter, age 19, has no income and resided in bob's houshold for the entire year. bob's son is a full time student,...
I recently got divorced and part of the agreement was i was to recieve money for my 1/2 of equity in a home me and my now ex husband were buying.he kept hte home and i had ot relocate will i have to pay taxes on the money i recieved.i will also get 1/2 of his 401k as he will mine it is to be set up...
|
Divorced in georgia(papers still there),both parents live in florida.divorced in 2000.no visitation... |
|
Bob is 45 yrs old and divorced. he paid $600 per month to an assisted living facility where... |
|
Will i have to pay taxes on money paid to me after my divorce I recently got divorced and part of the agreement was i was to recieve money for my 1/2 of... |
|
Hello, my name is ana diaz and i have a question about child custody. do utah children have... |
|
I am recently divorced after 33 years of marriage. i am 52 years old. i would like to know... |
|
Joint custody of 14 yr old boy - a couple of questions I need to know what the definition of "joint custody". i have a ex-husband that... |

Ask A Question
Ask a new question about
Divorce: