Raleigh Division of Cars and Boats Attorneys
If you are starting divorce proceedings and are expecting to be dividing your marital assets, including cars or boats, contact a lawyer at Marshall & Taylor PLLC today to make sure that you secure a deal that works best for you. The division of assets can prove to be difficult, especially if the divorce is already contentious. Our team of experienced lawyers is here to help you accurately value and divide the cars, boats, and other vehicles, along with the rest of your marital assets. To discuss the details of your case and learn more about how we can best help you, contact a member of our team at 919-833-1040 for a free consultation.
Do I Need a Division of Cars and Boats Attorney?
The assets you once shared with your partner are likely important to you. Receiving a car or boat that you used during your marriage may have a significant impact on your livelihood after the divorce is finalized and you move on to a new stage in your life. North Carolina is an equitable distribution state, but dividing up high-valued items like cars or boats can cause tension, and it can quickly seem that one party is benefiting more from the division. With a strong grasp of North Carolina divorce laws and experience working through the fair division of assets, a lawyer will be able to help you fight for your best interests in a smarter and more efficient way than what you could do on your own.
Why Choose Marshall & Taylor PLLC To Handle My Case?
The team of lawyers at Marshall & Taylor PLLC has been practicing family and divorce law in Raleigh for years, and we are proud that the community continues to place their trust in us as they continue through a major and often testing time in their lives. We understand that divorce can be stressful and complicated, on both a personal and legal level, for everyone. Our goal is to achieve the fairest settlement for you so that once the divorce is finalized, you can have the financial security to feel confident about beginning this new stage of your life. One way we do this is by providing the highest possible quality of representation to all our clients. Jeffrey Marshall is a board-certified specialist in family law, making him an expert in the field. He has been highly decorated for his success on behalf of his clients.
Division of Assets in North Carolina
Vehicles, such as cars and boats, are going to be split like all other marital assets. North Carolina divorce cases follow equitable distribution laws, which are comprised of four parts:
- Identification — The court must first identify all assets and any debts that might be attached to them that are shared within a marriage. It does not matter when or how the assets or debt was acquired during the identification process.
- Classification — Once identified, assets are classified in one of three ways. 1) The first is separate property, which is considered anything that is owned by either spouse at any time — before the marriage, during the marriage, and after the date of separation. There are also considerations for other property, such as inheritance and other gifts that were given to only to one spouse; 2) The second classification is for marital property, which includes assets and debts that were acquired by both spouses during the marriage, ending on the date of separation, including cars and other vehicles that are in both spouses’ names and gifts from spouse to spouse; 3) The third classification is for divisible assets — those that were acquired after the date of separation.
- Valuation — After classification, assets and their debts are assigned a monetary value so that all assets can be equally distributed at the end of the process. This is the step in which a lawyer can help you the most by ensuring accurate valuations for property that will help you secure a fair settlement in the final step of asset division.
- Equitable Distribution — Equitable distribution ensures that both parties receive an equal settlement after a divorce. An unequal division of assets is rarely granted by the court. However, unequal can still be considered equitable legally, so it is important to have a lawyer on your side who will fight for your best interests.
A lawyer can walk you through this process and ensure that the property division agreement that you come to is fair and takes your interests into account.
Contact a Lawyer
If you are going through a divorce and want to be confident that your assets, such as cars, boats, or other vehicles, will be divided fairly, contact an experienced division of assets attorney at Marshall & Taylor PLLC today. We will confidentially discuss the details of your case in a free consultation when you call 919-833-1040.