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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 Johnston County, 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.
Our lawyers know the rights and the protections that
are built into asset division law. Contact us at
info@johnston-family-law.com
now. The rest of your life begins now! |
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