Equitable distribution is the distribution of property and debt obligations used by courts in most states when dividing marital property during divorce proceedings. North carolina law regarding equitable distribution of property is complex and extensive the family law attorneys at wake family law group can provide consultation. Divorce information & frequently asked questions this page provides basic information about divorce and a general in making an equitable distribution. In 1981 north carolina passed a statute allowing for equitable distribution of marital property in cases of divorce and separation while some sections of the statute can be complex, we. Equitable distribution states other western states, such as nevada and idaho, also follow community property rules divorce negotiation. Equitable distribution is the allocation of assets and liabilities between a couple seeking divorce equitable does not mean equal division as many think. Virginia is an equitable distribution state, meaning that the court has the authority in any divorce to classify the property of the parties as separate, marital or. Nc law is clear about how property will be split after divorce, so it's often possible to negotiate without litigation no one gets taken to the cleaners.
Contact our lawyers for assistance if you are considering a divorce or have questions about division of property, it is critical to speak with an experienced family law attorney who will. We can help with equitable distribution in division of marital assets in pittsburgh and washington county bridgeville divorce attorney family law attorneys serving bridgeville and pittsburgh. Equitable distribution equitable distribution is the statutory (legal) means of dividing marital assets and debts upon divorce in the united states there are three ways that marital. The distribution of property in a divorce in florida is covered by chapter 61 of the florida statutes rather than a community property state, such as california.
The 2017 florida statutes: title vi civil practice and procedure: if the court awards a cash payment for the purpose of equitable distribution of marital assets. Equitable distribution defined and explained with examples equitable distribution is the fair division and distribution of marital property in a divorce. (10) the desirability of awarding the family home as part of equitable distribution or the right to live therein for reasonable periods to the spouse having custody of any children (11) the.
Our dedicated west chester divorce attorneys understand the complexities around equitable property division laws and will fight to protect your best interests during. Dividing property is usually a big part of most divorce caseswhat assets and debts you end up with will depend on several factors, but most importantly, where you reside. Read equitable distribution of marital property under the colorado divorce info tag in our firm's resource center.
Equitable distribution is the phrase the court uses when it divides property rights and obligations between spouses during divorce its purpose is to allocate.
North carolina divorce law – raleigh divorce lawyer - divorce laws, forms, calculators, and family law help the details of equitable distribution. In mississippi, equitable distribution laws control property division in a divorce jackson divorce lawyer mark chinn can explain more – call chinn & associates today. Division of property, also known as equitable distribution, is a judicial division of property rights and obligations between spouses during divorceit may be done by agreement, through a. Uncontested divorce procedure and forms in cases where the parties agree to a consensual divorce or there is a two-year separation and there are no economic claims, the parties may access. The practice valuation group team of experts are matters and equitable distribution of marital property of a medical practice for divorce. The division of marital property isn't always a a 50/50 split here's what you need to know about lehigh valley laws governing equitable distribution.