North Carolina is an equitable distribution state. An equal, 50/50 division of all marital property is typically considered equitable; however, in some instances, the court may consider factors that make an equal division unjust, such as the past efforts and future needs of each spouse. Marital property includes all property acquired from the date of marriage to the date of separation (excluding property acquired via estate administration or by gift). The court will also classify and distribute debts, which may be considered separate or marital. Some or all of these matters can be addressed in a separation agreement thereby avoiding the costs and time of litigation. Call the Law Offices of Ryan B. Addison to schedule a consult.
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