Georgia maintains a separate property system for married {couples}. Which means that property acquired through the marriage are typically owned by the person who earned or acquired them. For instance, if one partner earns a wage, that revenue is taken into account their separate property. Presents and inheritances acquired by one partner are additionally usually categorised as separate property. This differs considerably from neighborhood property states, the place most property acquired throughout marriage are owned equally by each spouses.
The separate property system provides sure advantages. It supplies people with better management over their property and simplifies monetary issues in conditions like divorce or property planning. The historic context for this authorized framework rests on established authorized precedents and the state’s distinctive authorized traditions. This technique aligns with the precept of particular person possession and autonomy in monetary dealings.