Georgia law provides for equitable division of all types of marital property, including both assets and debts. The standard requires that property acquired during the marriage be divided equitably or fairly, which does not necessarily mean equally (50-50).
Separate property of a spouse is not included in the equitable division. Establishing that an asset (or debt) is separate property is sometimes an issue in a divorce case.
For some divorcing couples, division of marital property is a significant issue. Other spouses may be able to reach agreement on the division. But before you agree on property division, be certain that you fully understand your legal rights under Georgia law.