Dividing the Pie
“Equitable distribution of property” at the end of a marriage is a legal term to describe how the court will proceed in dividing up assets, investments, debts, and real estate owned during a marriage. When you are facing divorce, it is important that you understand your rights and obligations in the division of assets. At Morrow Alexander Porter & Whitley PLLC, in Winston-Salem, we provide comprehensive legal services to protect your rights and interests during the process of dividing your property.
Our attorneys have the experience, knowledge and skill to effectively protect your rights, assets and interests in the division of marital property.
Contact us today by email or call 336-793-1005 for an initial consultation or case evaluation.
Property division in North Carolina deals with division of marital assets and debts in a three-step process:
- Identification and classification: Property is identified as marital property, separate property, a combination of the two or divisible property;
- Property valuation: The assets and debts involved must be valued. This often involves the valuation of real estate, retirement accounts, debts, stocks, savings, and businesses; and
- Distribution: The court distributes property based on various statutory factors.
Complex division of property
Our firm is known throughout the state of North Carolina for handling complex equitable distribution matters. We bring in certified business evaluators and accountants to protect the rights of our clients as individuals and business owners. We have handled divorce distributions involving car dealerships, ESOPs, software companies, furniture companies, pharmaceutical companies, real estate holding companies, tobacco warehouses, franchises, law firms, and other professional corporations, including the financial holdings of large multimillion dollar corporations.
Business valuation and the distribution of property
Most people don't want to continue a business relationship after a divorce, though it always depends on the facts and financial aspects of the case. In every case, our clients are concerned about security, maintaining their standard of living, and protecting their future. We will help you evaluate your business assets and debts and create a plan for negotiation or litigation, with the goal of securing your investments and financial stability into the future.
Contact Morrow Alexander Porter & Whitley PLLC for an initial consultation with an experienced North Carolina lawyer regarding the equitable distribution of property.
