One of the most complicated parts of getting a divorce is deciding who gets what. Property division can take months, particularly if the couple can’t agree with each other. Likewise, you may not be familiar with how North Carolina decides what property is eligible for property division and what property you get to keep.
To get started on your case, call us at (800) 507-7494 or fill out our online form to tell us about your situation.
North Carolina is one of the states that mandates equitable division in a divorce. This means the court will divide all your property and debt equitably, if not equally. The goal in the process is fairness, which means the court will be looking at circumstances where an equitable distribution would be unfair. It will apply a set of factors to determine the past efforts and future needs of both spouses. For example, the court will consider the following:
The property and debts that will be considered marital property will be those acquired or earned during the course of the marriage up to the date of the separation. This may include pensions, deferred compensation rights, retirement benefits, and shared living spaces.
Separate property is anything you gain or lose after separation and any goods or assets you owned before marriage. This could include any bank accounts opened prior to the marriage if you refrained from using those funds to pay for anything involving your marriage.
If you’re concerned about how your property might be divided in court, don’t hesitate to call us. Our skilled Charlotte family law attorneys can help you organize your case, give you good legal advice, and assist you in negotiations or in court. We want to help you make an informed decision about the future of you and your family. Our attorneys understand this may be an extremely challenging and stressful time for you and your loved ones. Here at Dummit Fradin, our lawyers have worked with many issues families can face in times of change.
Contact us at (800) 507-7494 or fill out our online form to tell us about your situation today.