Property Division Attorney in North Carolina
Fayetteville Family Lawyer
If you are filing for divorce, this is a major step in your life and you will need an extensive amount of legal guidance along the way. As you navigate the terms of property division, you need to realize that this issue can have a major impact on your financial future. As your Fayetteville family law attorney, we can help you understand the manner in which you should handle your case. At the Plyler Law Firm, P.A., we have been assisting clients since 2000 and continue to help residents of Fayetteville, North Carolina through a variety of legal family law matters.
Dividing Marital Property
Family courts in North Carolina use the principle of equitable distribution during the process of property division. Equitable distribution refers to the division of assets and debts in the midst of a divorce in an equitable, but not necessarily even, split. Your family law judge will apportion marital property according to what he or she determines to be fair. Several factors can influence the determination of how assets are equitably distributed, including:
- Length of the marriage
- Each party's earning capacity
- Financial contributions of each spouse
- Homemaking contributions of each spouse
- Cause for breakdown of marriage
- Any cases of adultery
- Any cases of domestic violence
Property division consists of property that is classified as being part of the marital estate, also called marital property. It is important to correctly distinguish between separate and marital property so that assets can be divided appropriately. It is also important to secure the legal assistance of a Fayetteville property division lawyer from our firm to help you navigate this process. This process is one of the most highly contested issues within a divorce. Contact our firm at your earliest convenience. We can guide you through each step of your case!