Property Division Equitable Distribution
Property Division Equitable Distribution, NC Family Law
During the course of a marriage, spouses obtain properties, cars, household furnishings, debts, retirement, savings, etc. When the marriage comes to an end all of these things, commonly known as “marital property” must be equitably distributed among the spouses. The division is not necessarily equal, but must be “fair.” All assets and liabilities must be listed and valued. The parties and their attorneys begin the negotiation process to equitably distribute all marital property with the assistance of a third party neutral through a process called mediation. If mediation is unsuccessful, the parties will proceed with trial.
Information regarding the following items will assist us in determining how your marital property may be equitably distributed, be it by agreement of the parties or by court order. Please provide Rutherford Robertson, P.A. with as much information as possible with respect to the following:
- Tax Returns
- Banking Accounts
- Credit Card Accounts and Balances
- Retirement Plans
- Real Estate
- Life Insurance policies
- Medical Insurance
- Securities (stocks and bonds)
If you are considering divorce and have concerns and questions about equitable distribution, what you have to gain or what you could possibly lose, please contact Rutherford Robertson, P.A. and schedule your confidential consultation today.
To assist you in compiling all of the above information, please print the Property Chart located under the Resources tab and begin filling out the information. Both parties will have to submit a form similar to this to the court. Rutherford Robertson, P.A. will take the information you provide on the Property Chart and will duplicate that information on the form that will be submitted to the court on your behalf.
related services are Mediation