Times and the law were certainly different when Shakespeare’s Duke Vincentio told his beloved Isabel, “What’s mine is yours and what is yours is mine,” (“Measure for Measure”).
The concept of marital property remains a standard in law, but when it comes time to distribute the assets in cases of divorce it is anything but simple.
In North Carolina, which is an equal distribution state, Raleigh divorce lawyers can assist you with property settlement questions.
Marital property divisions can be handled in two ways. Property divisions can be achieved by mutual agreement in a property settlement or the property division can be done by the courts.
In either case, there are multiple issues that can arise in the course of resolving property disputes, including the sometimes complex process of determining what is and what is not marital property which is all that is covered by equitable distribution.
There is one other key point you should know: rights to equitable distribution must be asserted before any decree of absolute divorce.
If you are involved in divorce, we can help you navigate the intricacies of property settlement issues. We also offer monthly Divorce Legal webinars that cover key topics on property division.
If you want to make sure your rights are protected, contact us.
