Raleigh Division of Houses and Properties Lawyers
If you are going through a divorce and expect to be dividing houses or properties between parties, contact a lawyer from Marshall & Taylor PLLC today to ensure that the division is fair and protects your financial security. Especially if a divorce is contentious, dividing property can become messy, and there is a chance for one party to receive an unfair deal. At Marshall & Taylor PLLC, our Raleigh division of houses and properties lawyers are here to help you find the right way to evaluate and divide property when ending a marriage. To discuss the details of your property you plan to divide during a divorce, contact us at 919-833-1040 for a free consultation.
Do I Need A Division of Houses and Properties Lawyer?
The property you receive during a divorce plays a major part in determining your financial stability after the divorce is finalized. South Carolina is an equitable distribution state when it comes to division of property in a divorce, but your ex-partner may end up benefiting more than you if the valuation of any property is not done smartly. Whether you have few or many assets to split in a divorce, a lawyer will be able to help you fight for your best interests and secure your financial future. With a strong grasp on divorce laws and experience with property valuation, a lawyer will ensure that your property is divided fairly.
Why Choose Marshall & Taylor PLLC To Handle My Case?
Marshall & Taylor PLLC has dedicated years to practicing family and divorce law for the Raleigh community. We understand the stress that a divorce can bring to everyone involved, and we want to be on your side as you proceed through complex legal process of divorce. Our firm has successfully helped many people divide their property during a divorce and has gained the trust of many in the Raleigh community; in fact, most of our clients have come to us based on referrals from other clients of ours. Our firm also boasts a board-certified specialist in family law, which means we have gone above and beyond to learn everything there is to know about family law, including property division and divorce.
Property Division in South Carolina
South Carolina is an equitable distribution state, and there are four parts of this process:
The Court first identifies all property and debts shared within a marriage regardless of when or how the property and debt was acquired.
There are three types of property identified in a divorce. The first is separate property, which includes anything owned by either spouse before the marriage, during the marriage, and after the date of separation. This includes shared property that was acquired through an inheritance or gift of a third party to one spouse. The second type is marital property which includes property and debts that were acquired by both spouses in the marriage up until the date of separation. This includes pension and retirement benefits as well as gifts from spouse to spouse. The third type is divisible property, which includes all property acquired after the date of separation.
The third step of the division of property process is to value every asset and debt. This is the most important part of the process, because valuation is key to a fair distribution of property. The lawyers at Marshall & Taylor PLLC have ample experience working with experts in the valuation process like accountants and appraisers to determine the true value of any property.
Equitable distribution laws are adopted by many states, South Carolina included. The aim with these laws is to ensure an equal, 50-50 division of property during a divorce. An unequal division, while possible, is not granted often by the court. However, unequal can still be considered equitable and the court considers a number of factors when making this decision. It is imperative that property is valued accurately so that a division is truly fair and does not benefit one spouse more than another.
Contact a Lawyer
You should be confident that you will have a fair division of property during your divorce, and the best way to ensure your financial security is by enlisting the help of experienced attorneys. Our division of assets attorneys at Marshall & Taylor PLLC are dedicated to helping the people of Raleigh through their divorces, and we know we will be able to help with yours. Contact us at 919-833-1040 today to discuss the details of your case.