Cary Property Division
If you are going through a divorce or separation in the Cary area, you should know that North Carolina law takes the position that marriage is a partnership to which both spouses make vital contributions and which entitles each party to receive a fair, equitable share of the property acquired during the marriage. If you do not have a Separation Agreement, you may file for equitable distribution of the property prior to the entry of an absolutely divorce. In Cary, however, you must file the equitable distribution of property prior to the entry of absolute divorce, otherwise you lose the right to file the agreement.
If you do have to undergo equitable distribution of property in Cary, the property is first classified as either marital property, separate property or a combination of both. Once the property has been classified, the second step of property division begins, which is to value the property in question. The final step in dividing property during a divorce or separation is to distribute the property, which is based on a number of different factors in Cary.
At Marshall & Taylor we can help you through the complicated process of property division and the equitable distribution of property in Cary during a divorce or separation. Fill out the contact form below to get more information on property division or to schedule a confidential assessment.