Equitable distribution is how marital property is divided during a divorce.
The court first considers all the assets and debts accumulated by the couple since their marriage. While a 50/50 split might seem straightforward, the court also examines reasons why one spouse might deserve a larger or smaller share of the assets or debts. This ensures a fair, not necessarily equal, outcome. Different strategies and approaches to equitable distribution can be used to address each party’s needs, such as keeping the marital home or protecting retirement accounts. If you’re facing a divorce, consulting with a family law attorney is crucial to discuss your options and ensure a fair outcome. Call one of our experienced Divorce Attorneys today.