Property Division
Property Division in North Carolina
During a marriage, couples may acquire a wide range of property and assets. At the time of separation, both parties have the opportunity to assess and divide the marital or divisible property through either mediation or the court.
As you can imagine, these cases can be highly complex, especially when businesses, multiple investment properties, or other high-net assets are involved. Hiring a skilled, experienced property division attorney is essential to protect what you are entitled to or have worked so hard for. Attorney Sarah Miranda understands the outcome of your property division proceeding can have a significant impact on your financial future and is committed to protecting what is rightfully yours.
How Property Division Works in
North Carolina
North Carolina follows the equitable distribution rule, which attempts to divide the couple’s assets fairly in light of their current circumstances (not necessarily 50-50). Typically, there are three types of property under North Carolina law:
- Separate property
- Marital property
- Divisible property
Assets acquired during the marriage and existing on the date of separation fall under marital property. Post-separation increases and decreases in the value of the marital property fall under divisible property. There are exceptions for inheritances or gifts acquired by either party during the marriage.
High Net Worth Property Division
Although a high-asset divorce in North Carolina follows the same legal principles and proceedings as any other divorce, the process is much more complicated and requires a more sophisticated approach. Typically, a high net worth divorce will necessitate the employment of financial experts as each asset in a marital estate will need to be assigned a value. This process is more complex when the marital estate has a high monetary value or constitutes an amalgamation of assets aside from just cash.
A high net worth attorney, such as Sarah Miranda, can advise on the legal consequences of dividing property and the classification of each asset. She also has a working relationship with pertinent experts who can help analyze the worth of a business and the parties’ business interests, along with advising on the value of pensions, retirement accounts, and insurance policies.
There is no guarantee how assets are divided in an equitable distribution state like North Carolina. Having a knowledgeable advocate on your side can help you protect your property rights and obtain a fair distribution of marital property. At Miranda Law Firm, we keep your best interest at heart. We strategically plan for your future and the best outcome.
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Property Division
Property Division in North Carolina
During a marriage, couples may acquire a wide range of property and assets. At the time of separation, both parties have the opportunity to assess and divide the marital or divisible property through either mediation or the court.
As you can imagine, these cases can be highly complex, especially when businesses, multiple investment properties, or other high-net assets are involved. Hiring a skilled, experienced property division attorney is essential to protect what you are entitled to or have worked so hard for. Attorney Sarah Miranda understands the outcome of your property division proceeding can have a significant impact on your financial future and is committed to protecting what is rightfully yours.
How Property Division Works in North Carolina
North Carolina follows the equitable distribution rule, which attempts to divide the couple’s assets fairly in light of their current circumstances (not necessarily 50-50). Typically, there are three types of property under North Carolina law:
- Separate property
- Marital property
- Divisible property
Assets acquired during the marriage and existing on the date of separation fall under marital property. Post-separation increases and decreases in the value of the marital property fall under divisible property. There are exceptions for inheritances or gifts acquired by either party during the marriage.
High Net Worth Property Division
Although a high-asset divorce in North Carolina follows the same legal principles and proceedings as any other divorce, the process is much more complicated and requires a more sophisticated approach. Typically, a high net worth divorce will necessitate the employment of financial experts as each asset in a marital estate will need to be assigned a value. This process is more complex when the marital estate has a high monetary value or constitutes an amalgamation of assets aside from just cash.
A high net worth attorney, such as Sarah Miranda, can advise on the legal consequences of dividing property and the classification of each asset. She also has a working relationship with pertinent experts who can help analyze the worth of a business and the parties’ business interests, along with advising on the value of pensions, retirement accounts, and insurance policies.
There is no guarantee how assets are divided in an equitable distribution state like North Carolina. Having a knowledgeable advocate on your side can help you protect your property rights and obtain a fair distribution of marital property. At Miranda Law Firm, we keep your best interest at heart. We strategically plan for your future and the best outcome.
