How Is Property Divided In North Carolina?
The division of assets and property is critical in any divorce. It will play a major role in your finances for years to come. To uphold your rights, work with a knowledgeable divorce lawyer.
At the Raleigh Divorce Law Firm, we have represented hundreds of clients in divorce and family law matters. We practice exclusively in divorce and family law to ensure that our clients receive the experienced and knowledgeable representation they require. We handle all property division issues that arise in divorce, including:
- Determine marital vs. separate property
- Divide retirement assets
- Divide high-value marital assets
- Assess and divide business assets
- Divide the marital home and other real estate
- Uncover hidden or diverted assets
We are focused on our clients’ immediate needs and long-term interests.
How The State Divides Marital Assets
North Carolina is an equitable distribution state, which means that spouses must divide marital assets equitably – or, fairly and justly. This is how North Carolina categorizes your assets:
- Marital assets: Marital assets are any property acquired during the marriage. If you transfer assets that you acquired before the marriage into a joint account or give assets to your spouse as a gift, these may count as marital assets.
- Separate property: This is any property that you or your spouse acquired before your marriage. Separate property also includes inheritances and gifts. Separate assets are not subject to division in a divorce.
North Carolina courts tend to favor the equal division of marital assets unless the court finds in its discretion that an equal division would be inequitable.
We Tailor Our Services To Meet Your Needs
We understand that each family law case is different and each of our clients has different needs and objectives. Some of our clients are most concerned about the award of the marital home, while others are most concerned about investment accounts and other liquid assets.
We take time to listen to our clients, understand their objectives and put legal measures in place with their needs in mind. You can rely on us to be attentive to your needs and to vigorously protect your rights and interests.
Worried About How Property Will Be Divided? Call Our Skilled Legal Team
If you are in a divorce situation where there are disagreements about who owns what, call the experienced property division attorneys at 919-256-3970. Or, send us an email requesting an in-person consultation.