Raleigh Divorce Lawyers for the Division of Houses and Property
If you are going through a divorce and expect to be dividing houses or properties between parties, contact a Raleigh family law attorney 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 consultation.
Do I Need A Divorce Lawyer for the Division of Houses and Property?
The property you receive during a divorce plays a major part in determining your financial stability after the divorce is finalized. North Carolina is an equitable distribution state when it comes to the division of property in a divorce, which generally means the court presumes an equal split is fair. However, your ex-partner may still end up benefiting more than you if the valuation of any property is not done carefully. Whether you have few or many assets to divide, a lawyer can help protect your interests and secure your financial future. With a strong grasp of North Carolina divorce laws and experience with property valuation, a lawyer will work to ensure that your property is divided equitably.
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.
Dividing Property in a North Carolina Divorce
North Carolina is an equitable distribution state, and there are four parts of this process:
Identification
The Court first identifies all property and debts shared within a marriage regardless of when or how the property and debt was acquired.
Classification
There are three types of property identified in a divorce. The first is separate property, which includes anything a spouse owned before the marriage, or property received individually as a gift or inheritance during the marriage. Separate property is not subject to division. The second type is marital property, which includes property and debts acquired by either or both spouses during the marriage up until the date of separation. This includes pension and retirement benefits as well as gifts exchanged between spouses. The third type is divisible property, which covers certain changes to marital property that occur after the date of separation, such as income from marital assets or fluctuations in value.
Valuation
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
Equitable distribution laws are adopted by many states, North 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 Raleigh Divorce Lawyer for the Division of Houses and Property
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 divorce asset division 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.