Asset Division

Asset division in North Carolina can be complex. The process of "equitable distribution" is applied by NC courts to determine what assets are "marital property" and what factors must be considered for distribution of such assets. Assets may include real and / or personal property, retirement plans, etc. that are acquired during the course of a marriage. It is possible that separately held property may have an increase in value during the course of a marriage and that the increase may also be marital property.

If both parties involved in a separation or divorce agree as to their assets or property distribution, you have the legal right to avoid court for asset division. A separation agreement can be drawn up by your divorce or separation lawyer, which will assure you that your assets will be distributed in the manner of your choice.

If asset division is contested, you may need your attorney to file a temporary injunction to prevent the disappearance or conversion of property prior to the court's property distribution.

The Raleigh, North Carolina law firm of Charles R. Ullman & Associates understands the financial repercussions of divorce, separation and asset division issues. Our attorneys have experience and expertise in the North Carolina laws that affect you at this time of turmoil. We've helped numerous Wake County residents, including family law clients from Raleigh and Cary.

Our lawyers know the rights and the protections that are built into asset division laws. Contact us at info@divorcelawnc.com now. The rest of your life begins now!

You may also contact us online about your case. Please use our Family Law contact form.