Marital Property and Divorce – Divorce Lawyer Near You
When a couple ends a marriage in North Carolina, they are required to distribute their marital assets equitably. First, you need to understand what marital assets are and how they are to be handled in a divorce. Generally, marital property includes any belongings and assets that were purchased during the marriage.
Property that you owned prior to the marriage is not included. This is a property that you are allowed to keep, and it is separate from the settlement. The other exceptions to the marital property rule are gifts that you received during the marriage. In addition, any inheritance that you alone received.
When considering the marital property, you need to take everything into account such as bank accounts, property, stocks, and other investments, homes, vehicles, vacation homes, recreational vehicles, furniture, and antiques. It is helpful to make a list of the important and costly items that you have purchased together as a married couple. Investments and pension plans may also be included as marital property and must, therefore, be reviewed and distributed appropriately.
Additionally, obtain a copy of statements that show the amount of money in your various bank accounts. Neither you nor your spouse is allowed to remove assets until their distribution is properly resolved as part of a court order. Your divorce lawyer in Wilmington will be available to assist you in determining your assets.