Equitable Distribution of Property in North Carolina
Understanding Property Division in Separation and Divorce
Equitable distribution is the legal term for dividing marital assets and debts in a divorce. When married couples separate and divorce in North Carolina, it can be difficult to determine many things, to include who should get to stay in the marital home, who should pay the mortgage, and who should be responsible for debt on joint credit cards.
In North Carolina, there is a presumption that “equitable” distribution means “equal”–that all marital assets and debts should be divided equally between husband and wife. However, this presumption can be rebutted; depending on the separating couple’s particular circumstances, an equitable distribution of marital property may not be a precise fifty-fifty split.
Helping Charlotte Couples Divide Marital Assets–Not Dissipate Them
As a general rule, the less that divorcing couples fight over marital assets and debt, running up legal fees in the process, the more assets there are left to divide. At Sodoma Law, we are committed to advocating for our clients’ best interests with regard to equitable distribution. We help clients understand what is and is not considered marital property and to negotiate a division that is equitable and fair.
The divorce attorneys of Sodoma Law have the courtroom experience to litigate equitable distribution issues if that is in our client’s best interests, but we are also skilled negotiators with years of practice in alternative dispute resolution. We strive to achieve the best possible distribution of property with the least conflict and expense necessary. We believe couples should divide their assets with each other–not with their attorneys.
Dividing Marital Estates of All Sizes and Types
Our divorce attorneys have worked with clients in short-term marriages with few assets, and also with clients who have complex, multimillion-dollar marital estates. Some types of property, such as bank accounts, can be relatively easy to divide. Others, such as family businesses, are much more complicated.
Sodoma Law is experienced in dealing with a broad spectrum of marital asset and debt types. We have relationships with financial and business professionals who can assist with issues such as accurate valuation of family businesses and their assets.
Most of all, we are mindful that equitable distribution of a marital estate is about much more than just money. As with every aspect of our divorce and family law cases, we remain aware that our goal is to guide our clients successfully through a difficult transition in their lives, with as little stress as possible.
If you and your spouse need to divide your property due to separation or divorce, Sodoma Law can help. We work with clients in Charlotte, Mecklenburg County, and throughout Western North Carolina. We look forward to serving you and your family. Contact us for more information.