Property Division

North Carolina Property Division Attorney

The end of a marriage often requires you to face factors that you have probably never considered before. What will you do to support yourself and your children? How do you divide assets and debts? How much alimony can you afford to pay? These aren’t decisions to be taken lightly. You should hire an experienced and compassionate lawyer to help you understand what impact these choices will have on your future.

If you have any questions regarding property division and spousal support, contact The Thomas Law Firm.

Property Division

North Carolina Property Division Attorney

Deciding who is entitled to property and assets are often the most stressful and contested issues in a divorce proceeding. In fact, absent custody issues property division is almost always the most important aspect of a divorce. We understand how important these matters are and we don’t accept anything less that you deserve. We use every investigative tool at our disposal to track down military benefits, retirement pensions, bank accounts, houses, cars, and other property, to ensure that the assets you acquired as a couple are being equitably divided.

North Carolina is an equitable distribution state, which means that the presumption is that all property will be divided 50/50.  Property in North Carolina includes assets and debts.  However, the court can do an unequal distribution and uses a variety of factors to determine whether to divide the property and debts equally or unequally.  It is recommended that upon separation that you establish a separate bank account, close joint credit cards and not make any large purchases.  The court will also look unfavorably upon you if you waste, sell or dispose of marital assets.

North Carolina Equitable Distribution Attorney

North Carolina divorce statutes recognize three types of property which are separate, marital, and divisible. Divisible property is generally such property that has increased, or decreased in value, or has been acquired during the time when a couple of separated prior to their divorce. Separate property includes gifts made to one spouse during the marriage, as well as property one spouse had prior to the marriage.

While the court typically leans towards dividing marital, and divisible property equally, there are certain factors that will be considered before a final decision is made. Some of these factors include the needs of a custodial parent, whether one has been careless with distribution of assets, and the length of the marriage. These are only a few factors which will be considered.

It is important to remember, in some cases, there may be tax consequences to property division and you should speak with an accountant, or tax preparer before agreeing to any terms of a property division.

We understand property division is one area where many spouses do not agree, and we are here to help. Contact the Fayetteville, NC offices of Thomas Law Firm if you have been presented with a property division agreement and want to make sure your rights are being protected.

Contact a Fayetteville Spousal Support Attorney

At The Thomas Law Firm, we are committed to helping clients receive the maximum amount of property and spousal support that they are entitled to or prevent you from having to pay money or lose assets you cannot afford to lose. If you have any questions, contact our North Carolina law offices immediately.