Protecting Your Assets Under North Carolina Equitable Distribution Law
When two parties seek to dissolve their marriage, some states divide assets in a fifty-fifty split. In North Carolina, couples are fortunate that courts can consider the overall distribution of all the martial assets. This type of asset distribution allows a court to examine the financial situation of each party following the divorce proceedings and determine exactly how the marital property and assets should be divided.
North Carolina Equitable Distribution Lawyers
At Sherrill & Cameron in Salisbury, our lawyers help you protect your assets. We handle your case with an attention to detail and help you overcome some of the challenges that you may face during your divorce. Please contact our experienced attorneys by calling 704-633-5723 or fill out the online contact form and learn how we can help you during your divorce.
North Carolina equitable distribution laws allow courts to subjectively weigh several factors when calculating a division of marital property in a divorce proceeding. Some of these factors may include:
- How much each spouse earns
- If the parties both own real property, the value of those properties
- How long the parties had been married
- The age and health of each spouse
- Whether or not one of the parties committed an infidelity during the marriage’
- If there was any spousal abuse
- If there was an alienation of affection
- Who will have custody of the child or children
- Whether or not one of the parties has a family business or inheritance
- The amount of marital debt the parties have accumulated
The preparation for a case involving North Carolina equitable distribution laws can be paperwork intensive and a bit complicated. Our experienced and knowledgeable attorneys can help you present your information in the best light possible and level the playing field.
If the court orders you to undergo a required mediation program, you may be required to present your financial information to the court in a very specific and detailed manner. This entire process is very intimidating for most of our clients, which is why we work hard to ensure you understand the process and allow you to feel comfortable.
If you are looking for a knowledgeable family law attorney to help you protect your assets during your divorce, please contact our law firm online or call us at 704-633-5723. We understand North Carolina equitable distribution laws.