Distributing property and debts is an important aspect of a divorce in North Carolina. At Routh Law, our team is here to help you achieve a fair, equitable, and reasonable distribution of marital property during divorce proceedings. Our law firm is committed to resolving legal disputes either through negotiation or litigation.Get Help now
Under North Carolina law, the equal division of marital property is favored. However, a spouse may request an unequal distribution of property by the court. If a judge finds that the unequal distribution of marital property would be equitable under the circumstances, then the court may award more property to one spouse.
A judge will consider multiple factors when determining whether an unequal distribution is equitable, such as income, debts, the length of the marriage, each spouse’s age and health, the contributions of each spouse to the marital property or assets, and more. Click here for an entire list of factors a judge will consider.
Marital property is any property earned or acquired during the marriage, up to the point of separation. This includes cash, cars, property, pensions and retirement benefits, and all other types of property. However, there are exceptions. Both inheritances and gifts received during a marriage are not divided as marital assets in a divorce.
Separate property is property that was gained or lost before marriage and/or after separation. Both inheritances and gifts received during a marriage will also be treated as separate property. This type of property is not divided in a divorce, since it is not considered to be marital property. A spouse may be able to claim that an asset has both marital and separate property components, if that asset's value actively increased during the marriage.
In North Carolina, divisible property is a term used to describe changes in the value of marital property between the date of separation and the date of that property's distribution.
An interim distribution allows the court to distribute some marital property between spouses before a full division of all assets and debts is finalized, providing access to the funds or property pending the distribution of all remaining assets and debts.
Divorce attorneys can help by working with the client to come to a just, fair, and equitable distribution of property. An attorney can also help with things like interim distribution. Kelly Routh is an experienced divorce attorney, and can assist you as you navigate the complexities of dividing marital assets and debts. Contact Routh Law today to schedule an initial consultation.
Kelly is very responsive and knowledgeable. Going through this process was very difficult and she was there every step of the way. Any time I had a question, she was there to answer and walk me through it. If you want someone who will be by your side every step of the way, Kelly Routh is the attorney for you!
Amazing! 5 stars is not enough to describe the professionalism, knowledge, and determination of Kelly and Brittany. Kelly agreed to take my case after I was run around for 15 months by another Charlotte attorney. I explained my situation and my frustration and Kelly took my case as if she was there from day one. Her knowledge and experience gave her the upper hand and finished my case in just a few months. Without Kelly, I don’t know where my case would be right now. I do know that I went from paying $1750 per month to $750! Kelly is amazing and I would highly recommend her to anyone. She is the best attorney in Charlotte.
If you are reading this review then you have come to the right place for one of the best, if not the best family law attorneys for the greater Charlotte area! As a repeat client, it has been a pleasure having Kelly represent me during not-so-pleasant times. She has all of the attributes one could ask for in an attorney period. Look no further for an attorney that is clear, concise, flexible, and willing to represent you the way you want to be represented.