Deciding to divorce may be one of the most difficult decisions in a person's
life. In Georgia and elsewhere, divorcing couples are faced with the
challenge of dividing the marital property the couple has accumulated
throughout the marriage. In fact, one reality television star has decided
to end her marriage and may face this challenge.
Bethenny Frankel, known as a former television housewife has filed for
divorce from her husband. The couple has been married for over two years
and they have one daughter. Frankel is also the founder of Skinnygirl
and is reportedly worth over $10 million. It has been reported that the
couple has a prenuptial agreement.
In Georgia, if couples are unable to agree on property division in their
divorce, a court will typically review the couple's assets and divide
the property based on an equitable, or fair, distribution. A court will
consider numerous factors, including: the length of the marriage and the
earning capacity of each of the parties.
Not all property is divided in a divorce; typically, only property that
was obtained in the marriage is subject to property division. Marital
property may include the couple's home and properties, furniture,
cars, investments and retirement accounts. Nonmarital property, property
that is not generally divided in a marriage, includes gifts and inheritances
made to one of the spouses.
Dividing property in a divorce may be complicated for those deciding to
end a marriage. However, it is in the best interests of the couple to
come to an agreement so that they may begin their new lives and have a