Division of Property in North Carolina
When couples in North Carolina decide to end their marriage, a judge will determine how marital property should be divided if one or both parties request the court to do so. North Carolina is an equitable distribution state, meaning that the distribution of property must be fair based on the court’s assessment. While the court will help determine a fair split, since “equitable” doesn’t necessarily mean equal, having a lawyer on your side can ensure that your rights and interests are fully represented.
Determining the Distribution of Property
A number of different factors will be used to determine who gets what during the divorce proceedings. Some of the factors that will be used include:
- Spouses ages
- Income levels
- Mental and physical health
- Assets & debts
- Tax consequences
- Marital misconduct
These factors will help the court determine how to fairly split property in the event of a divorce. Payment of alimony and division of debt are considered in similar ways. The only categorized item that a judge cannot divide is “separate property” that one individual received as a gift or inheritance.
Consult a Divorce Lawyer in Raleigh
The lawyers at Marshall & Taylor PLLC understand how emotionally and financially difficult going through a divorce is for Raleigh couples. Our lawyers can help ensure that your rights are represented during this process. Our legal team is experienced in helping clients come to an agreement that satisfies their needs. Call Marshall & Taylor PLLC today to speak with a lawyer about your case in Raleigh.