Assisting North Carolina Divorcees Amid Property Divisions
Property acquired and shared by partners during a marriage must be fairly divided upon divorce. Equitable distribution is the legal term for dividing marital debts and assets in separation and divorce. Splitting up assets, property, and debt fairly may seem overwhelming, but our team at Gantt Family Law can help.
Understanding North Carolina Property Division Laws
Here is an overview of how the state views property division matters in divorces:
Marital vs. Separate Property
Property must first be classified as marital or separate when looking at what can be divided by the court. Marital property is everything acquired or earned during a marriage, between marriage dates and separation. Separate property is everything that each spouse brings into a marriage, which remains in the sole ownership of each respective spouse or property obtained after the date of separation.
Equitable Distribution
Equitable does not mean equal in all cases. A 50/50 division of marital property is a presumption that can be rebutted, depending on your circumstances. Courts take into many factors, including the duration of the marriage, the income and property of each spouse, child custody and more.
Our attorneys can help you review any assets you accumulated before or during the marriage, establish which ones will be subject to division, and help with any negotiations involving those divisions.
Dividing Real Estate Holdings And Other Complex Assets
Untangling and dividing assets like vacation homes, businesses and stock portfolios can all come with additional nuances. These assets can be tightly controlled and regulated and involve additional stakeholders. A former spouse might also be hiding assets in efforts to protect them from being shared. We have years of experience handling these complex assets for divorcing spouses, and we can you conduct these transitions and divisions legally and effectively.
We Can Help You Divide Assets Amid Divorce
You need an advocate who understands North Carolina’s equitable distribution laws. Gantt Family Law is experienced in handling various marital assets and debt types. Additionally, we work closely with financial and business professionals who can help accurately evaluate any companies you have a stake in. If you and your spouse are separating or obtaining a divorce, we can assist you in dividing your property. Call 919-518-9540 or visit our contact page to set up a consultation.
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