Here in North Carolina, we follow the equitable distribution model of distributing property and assets during a divorce. During this method of property division, the court splits the marital assets fairly, but not necessarily 50/50.
If you and your spouse can’t come to mutual agreement on how to split your property and assets when you divorce, the court will do it for you using equitable distribution. First, they classify all of your and your spouse’s property into marital and separate, defined according to law. Then, they’ll divide the marital property equally. The separate property isn’t eligible for division...more