North Carolina and equitable distribution
Under North Carolina law, all marital property is subject to equitable distribution in Greensboro. Unlike community property states, where everything is split straight down the middle, equitable distribution uses a different process to determine what each spouse should receive. In addition to the assets themselves, Forbes states that the courts take into account other factors such as:
- Standard of living the spouse enjoyed during the marriage.
- Health needs of each spouse.
- Income potential of each spouse.
- The contributions a non-working spouse made to the success of the other spouse’s career.
- The marriage length.
- What the custodial parent will need to support the children.
Contact a Greensboro Divorce Lawyer today if you or someone you know has needs assistance with a divorce Greensboro, High Point or Asheboro.