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The possible role of foreign assets in divorce

On Behalf of | Jan 24, 2023 | Divorce |

It might not be uncommon for many couples to accumulate various types and amounts of assets during a marriage. In some cases, individuals in Georgia may even hold assets that lie in other countries and if facing the end of a marriage, they might have questions about the role these assets might play in the outcome of this process. Seeking advice on one’s options and how to address topics such as foreign assets may prove essential to preparing a strategy that focuses on a person’s needs and wishes for the future.

Foreign assets

Experts indicate that there could be numerous topics to address regarding foreign assets when facing the end of a marriage. The first topic could pertain to knowing how to tell whether these assets are marital or separate property, as this information may prove essential to creating a strategy for what comes next. While understanding how to identify and value foreign assets may also be vital, such a process could prove somewhat complex in nature.

Uncovering the possible presence of hidden assets could also be essential to protecting one’s interests and while this may be more challenging with foreign assets, it is by no means impossible. It could also be helpful to seek insight into property division laws in countries in which foreign assets lie and how these laws might apply to one’s situation. Those who are preparing to dissolve a marriage and have questions about how to address foreign assets could benefit from seeking guidance in the initial stages of the process.

Dissolving a marriage

Addressing the presence of foreign assets is an aspect of divorce that may prove somewhat complex in nature. Those who face similar challenges and wish to better understand their available options might choose to speak with a family law attorney for guidance in the initial stages of the process. An attorney in Georgia can help address all a client’s questions and concerns, provide insight into making informed choices about the situation, and assist in preparing a strategy for divorce proceedings that focuses on protecting his or her future interests.

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