North Carolina is an equitable distribution state, which means property and debt is not divided and distributed based upon title-ownership; rather it is divided equitably, recognizing the partnership implicit in marriage. When dividing assets, the judge presumes assets will be divided such that each party is distributed an equal net value of the property and debts. However, the judge listens to arguments about why a different property division would be more appropriate to determine the ultimate distribution.
North Carolina judges consider many factors when deciding how to divide property in a divorce, including the incomes, property, and debts of both parties; the age and health of each spouse; the length of the marriage; how each party contributed to the earning power of the other; tax implications; and more.
Our experienced family law attorney can protect you, your property, and your business and financial interests in a divorce.
Sanderson Family Law guides our clients through some of the most challenging times of their lives. We have found that preparation and communication are key to obtaining successful results. Attorney Nicki Sanderson will walk you through the legal process and prepare your case with confidence to advocate for you. To schedule a consultation, call or submit our online form to contact our law firm today.
