Dividing Joint Property In Divorce Negotiations
When a couple decides to get a divorce, the division of property is often at the forefront of negotiations. When a couple owns joint property, or property acquired after marriage, each spouse may have different ideas as to who has the right to certain items after the divorce is finalized. Thus, separating joint property during divorce can lead to disagreements that may require legal intervention.
If you are going through divorce and have concerns regarding jointly owned property, we can help you protect your rights and interests during this potentially contentious time. Contact an experienced Raleigh divorce lawyer of Marshall & Taylor PLLC, today by calling 919-833-1040 to discuss how we may be able to help you finalize your divorce.
What is “Joint Property?”
Simply put, joint property refers to any property that is acquired by a couple after marriage. On the other hand, property that each spouse brings into marriage is not considered joint property and does not have to be shared if a divorce occurs.
Several examples of joint property include:
- Homes / condominiums
- Personal items
- Joint bank accounts
All of the above can be considered joint property if acquired after marriage, and in the event of a divorce, each spouse will have to come to an agreement about how to separate this property. Sometimes these negotiations can be difficult, and many couples benefits greatly from the intervention of an attorney.
If you have questions or concerns regarding the separation of property during your divorce, we may be able to help. Contact a knowledgeable Raleigh divorce attorney of Marshall & Taylor PLLC, today at 919-833-1040 to learn more about your rights and options.