Charlotte Property Division Lawyers
Protecting Your Rights & Assets in a North Carolina Divorce
Splitting up the marital property in a
divorce can be difficult and upsetting. Aside from matters like the family home
and other assets, who will get to keep the family dog? What happens to
items like family heirlooms, photograph albums, or other sentimental objects?
What happens in high net worth divorces when the finances can be complex,
involving all types of property, complicated transactions, real estate,
stock portfolios, other valuable investments, and unknown tax consequences?
Divorce is never easy but decisions have to be made concerning all the
material goods, property, and debts that were acquired during a marriage.
This issue can often lead to disputes and bitter adversity between the
two parties, requiring the intervention of legal guidance, negotiation,
or litigation. Whatever your situation may be regarding your marital property
division, your case will receive attentive and focused legal care at Rech
Law, P.C. We deal with divorce issues every day as our primary field of
practice, which means we bring countless hours of casework, a thorough
knowledge of the law, and honed legal skills to every client.
Request a consultation to discuss your case by calling (704) 659-0007
or by submitting our
online form. Call now and speak with a knowledgeable Charlotte property division attorney.
How North Carolina Marital Property Is Divided
If you and your spouse cannot come to an agreement between yourselves or
through negotiation, the court will make the decision for you as to how
your marital property will be divided. Marital property includes only
that property accrued jointly during the marriage. Separate property,
such as an inheritance or gift to one of the parties or property that
was acquired prior to the marriage or after the separation, may not be
North Carolina follows the rule of “equitable distribution”
when considering the issue of marital property division. Courts are not
bound by a 50/50 split between the parties although that is common. Rather,
the court will divide property in a manner considered to be fair and just.
In some cases, an even split is not justifiable because of numerous factors.
The factors that the court will consider when deciding the division of
- The ages of the parties
- The parties’ health conditions
- The length of the marriage
- The parties’ incomes and assets
- What each party contributed to the marital property
- Whether a spouse unfairly squandered any of the property
- Tax consequences
Comprehensive Legal Representation
At Rech Law, we care about the welfare and future of our clients. We know
how disruptive divorce can be for all involved and how difficult it can
be to resolve emotional issues. Our Charlotte property division attorneys
bring compassion as well as strong legal services to help you transition
through this difficult chapter of life.
Let us fight for your best interests by calling (704) 659-0007 today.