Property Distribution

property-distribution-lawyer-durham-littlejohn-lawAs you go through your divorce, all property acquired during your marriage will be considered for division. North Carolina is an equitable distribution state, which means that your marital property will be divided in an equitable manner if certain requirements are met. Marital property can include bank accounts that are in both parties names, real estate, retirement accounts that grew during the course of your marriage, as well as other assets.

What you need to take into consideration is that marital debt may also be considered marital property. If you owe money to creditors, this debt may be divided fairly among you and your former spouse.

As you work through your divorce and begin dividing up your property, I know that I can make this process go more smoothly for you. When you are ready to talk about the division of your property, Littlejohn Law Offices, PLLC ready to meet with you to discuss your options.