Property Division Lawyer in Charlotte
Serving Clients throughout Indian Trails to Retain their Assets during a Divorce
When a couple separates from each other, one big issue that typically needs to be resolved is how the assets and debts acquired during the marriage are going to be divided. This can be an extremely daunting and complex undertaking in some cases, and rather straightforward in other cases. Get help from our Charlotte family law attorney to ensure your property is divided fairly throughout your divorce proceedings.
Dial (704) 734-9797 now to schedule your consultation. You can also contact our Charlotte property division attorney online.
Dividing Assets in Court
Generally speaking, there are three stages to the equitable distribution process: classifying which property is marital, separate, and divisible property; valuing the marital property; then distributing the marital property between the parties in an equitable and fair fashion.
Valuation of Property
Once it is determined which property held by the parties is marital property, it must then be valued. To make sure each spouse gets their intended share of the net value of the marital estate, the values must be accurate. This may include obtaining an appraisal of the marital residence and will likely include obtaining relevant statements for items such as retirement accounts.
Distribution of Property
Once it has been determined which property is subject to distribution and accurate values have been ascertained, the marital property must then be distributed to each spouse. It is first important to know that in North Carolina law, there is a presumption that marital property will be split evenly. This means that unless there are grounds that exist justifying an unequal distribution of the marital assets and debts, the assets and debts should be distributed evenly between the spouses.
If you have recently separated from your spouse, or you believe that you might be separating from your spouse soon, contact our office to schedule a consultation with attorney Doughton Horton to discuss the specifics of your case.
Dial (704) 734-9797 now to get started on your case.
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