Wife of Falcons Owner Files for Divorce
Posted on Feb 19, 2013 12:00am PST
Who gets the home? How should the vehicles be divided? Who will get the
furniture? Divorcing couples in Georgia and elsewhere are asking these
and other similar questions in their divorce process. Recently, an NFL
owner and his wife have come to an agreement on the division of their
The wife of Falcons owner, Arthur Blank, has filed for divorce and served
the divorce papers to her husband. According to reports, the couple has
been separated for over a year. The divorce papers reportedly include
a property division agreement between the couple and specify how the couple's
home will be divided. The papers also include a child custody agreement
regarding the couple's three children to ensure that each parent is
actively present in their children's lives.
In Georgia, if a divorcing couple is unable to come to an agreement on
property division, the court may determine property division based on
an equitable, or fair, distribution standard. Rather than adding together
all of the couple's marital property and dividing it in half, a court
may consider factors such as the earning capacity of each party and the
length of the marriage.
In property division, there are two general categories of property -- marital
property and nonmarital property; only marital property is divided in
a divorce. Marital property includes the assets that a couple obtained
in a marriage. Nonmarital property includes gifts, inheritances and property
that a spouse had before the marriage.
In a divorce, deciding how to divide property that a couple has acquired
during the marriage may be complicated and infuriating. However, it is
important to remember that it is in the best interests of the spouses
to come to an agreement so that they may begin their new lives.