Property Distribution / Equitable Distribution
This can be a tough matter, and that’s why you want a law firm that has your best interests in mind.
In every property division proceeding, it is essential to identify the separate property and marital property. Separate property, also known as premarital property, includes any asset(s) that you owned prior to entering the marriage. Generally, an asset that was acquired by either spouse after the date of the marriage is considered marital property. As with most areas of the law, there are exceptions, and this facet of property distribution is no different. For example, inherited property that was acquired during the marriage is considered separate property.
See below for the factors that are used to determine property division and equitable distribution:
- Separate property is property owned before marriage, inherited property, and gifts
- Separate property used to purchase jointly held real estate is marital property
- Property that was acquired during the marriage by one or both spouses is marital property
Assets may include:
- Marital residence, vacation, or investment property
- Bank and investment accounts
- Retirement savings
- Health insurance
When we needed an attorney recently we contacted Kellie Gonzalez and could not have been more pleased with our interactions with her and the outcome she obtained for us.
I am writing to thank all of you, for assisting with the completion of the will and other key documents.
They were wonderful. Very efficient and great communicators.
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We used Kellie as our real estate attorney when purchasing a home.
Whether you and your partner are able to negotiate property distribution outside of court or you need to go through litigation, the lawyers at Capital to Coast NC Law Group will stand by your side as your fierce advocate. Contact one of our attorneys for an initial consultation today.