North Carolina Division of Property LawyerNorth Carolina is an "equitable distribution" state. Equitable distribution is not necessarily an equal division of property, but rather a fair division of property. The divorcing parties are generally encouraged to reach an out-of-court marital settlement agreement regarding property division. However, in cases where this cannot be decided, the decision will be made by the court. At Foyles Law Firm, PLLC, our attorneys recognize the need to be vigorous advocates for our clients. We recognize the importance of protecting the economic and non-economic contributions made to the marriage. Contact our firm to arrange a free consultation to discuss your property division concerns. When you choose Foyles Law Firm, PLLC for representation, you choose one-on-one attention to your legal concerns. The Financial AffidavitDivision of marital property requires full disclosure regarding the property, assets, and debts of each party. This includes any assets that may be hidden or kept separate from the other party. Our firm is highly skilled at identifying hidden assets and ensuring our clients' rights are protected. Several factors are considered in marital property division. These factors include:
Military Retirement PayMilitary personnel can receive retirement pay if he or she served for 20 years or more. Property, assets, and debt acquired during the marriage will be considered in the division of property. This includes military retirement pay. Many people are unaware that military retirement pay is considered in the division of property. Contact our firm to learn more. |
