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704-376-4488

equitable distribution

The financial impact of getting divorced can be overwhelming and the thought of dividing property may seem complicated.  Having an experienced family law attorney will ensure your financial interests are protected and help you understand how your property should be distributed.

In North Carolina, equitable distribution is the legal process of dividing marital assets and debts upon divorce.  While it is presumed that an “equitable” division of property is an equal division (50/50), a court can divide property unequally based on the facts of the case and the various statutory factors set forth in N.C.G.S. § 50-20.


 Classifications of Property in North Carolina

  • Marital Property is all real and personal property acquired by both spouses during the course of the marriage and before the parties’ date of separation.  By law, there is a presumption that all property acquired during the marriage is marital property subject to distribution by the court.  However, this presumption can be generally be rebutted by showing particular property acquired during the marriage was a spouses separate property.
  • Separate Property is all real and personal property acquired by either spouse before the parties’ marriage or acquired by either spouse by bequest, devise, descent, or gift during the marriage.  Passive increases in the value of separate property are also considered 
  • Divisible Property is any increase or decrease in the value of marital property after the parties’ date of separation.

The experienced attorneys at Parton Buckingham, PLLC will advocate on your behalf to protect your financial interests and property rights.  We will work closely with you to identify your marital property and determine a fair division of your property that best suits your needs.


For More Information On Dividing Your Property

To schedule a consultation to discuss the equitable distribution process and better understand your property rights, please contact one of the family law attorneys at Parton Buckingham, PLLC at 704-376-4488.

DISCLAIMER:
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Inclusion in laudatory organizations is not intended to represent that a particular result can be guaranteed or expected in your case. Each case is unique and must be evaluated separately.  Membership standards are available and can be obtained by visiting each organization's individual website.  



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Parton Law, PLLC - Charlotte Lawyers
122 N. McDowell Street, Charlotte, NC 28204

 704-376-4488

©2020 Parton Law, PLLC - All Rights Reserved.

​

  • Home
  • Practice Areas
    • Criminal Defense >
      • Drug Possession Offenses
      • Driving While Impaired
      • Weapons Charges
      • Trafficking Charges
      • Domestic Disputes
      • Vehicle Seizures
      • Boating While Impaired
      • Criminal Record Restorations
      • Veteran Defense
      • Victim Representation
      • Local Government Issues >
        • Citizens Review Board
        • Homeowners' Association Hearings
      • Business Failure to Maintain Workers' Compensation Insurance
    • Commercial Litigation >
      • Attorney-Client Privilege
      • Animal Law
      • Business & Contractual Disputes >
        • Avoiding Litigation
        • Strategic Use of Statutory Liens
      • Construction Litigation
      • Defamation
      • Homeowners Association
    • Traffic Citations >
      • Speeding
      • Hit and Run
      • Driving While License Revoked
      • Careless or Reckless Driving
      • Driving Without Valid Registration
      • Speeding in a School or Work Zone
      • Failure to Reduce Speed to Avoid Accident
      • Eluding Law Enforcement Officials
      • License Suspensions
      • Driver’s License Point Penalties
      • Points Impact on Car Insurance
    • Volunteer Services & Pro-Bono Work
    • Referrals
  • Testimonials
  • Contact
    • Contáctenos
  • Legal Team
    • Corey V. Parton
    • Gregory Whitaker
    • Traci Fleury
    • S. Sunny Phaxaysithideth
    • Jamie Avalo
  • RESULTS
  • In The News
  • Law Blogs
  • Client Resources
    • Helpful Links for Clients
    • Military & First Responder Appreciation Program
    • Make a Payment
    • Privacy Policy