Dividing Assets and Debts
Equitable distribution is the process in North Carolina by which spouses equitable dive the property and debt of the marriage. This process typically begins with identifying the assets and debts. In order to gain a clear picture of what is to be divided, it is helpful to gather mortgage statements, appraisals, bank account and credit card statements, investment accounts statements, retirement account statements, etc. After we have identified which assets and debts are to be divided, we must assign a value to that particular asset or debt.
Our role as your attorney, is to assist you in determining which assets and debts are marital and therefore subject to be divided between husband and wife. We can resolve equitable distribution through the Collaborative law process, through a separation agreement, through a consent order, or by representing you in trial and have a judge determine how everything from the marriage is to be divided. Regardless of the path that you choose to take, our objective is to offer you the best and most accurate advice to guide you through the potentially complicated equitable distribution process.