How do I handle the division of marital assets in a collaborative divorce?

Dividing marital assets in a collaborative divorce is an important part of the process that should be addressed. In North Carolina, the law requires that assets be divided in a “fair and equitable” manner. This means that each party should receive a share of the property that is appropriate taking into consideration any contributions they have made to the marital estate. The first step is to make a full and accurate disclosure of your assets and liabilities. You and your spouse should be transparent with each other and provide complete and accurate information about all of your assets and debts. Once you have an understanding of the assets and liabilities, you and your spouse should work together to create a plan for dividing them. This plan should include the division of any retirement accounts, real estate, bank accounts, vehicles, and personal property. It is important to consider the tax implications of asset division and also any alimony payments that one or both parties might be required to pay. Mediation may help you and your spouse come to an agreement about the asset division, and a collaborative lawyer can help make sure the division is fair. Finally, the court must approve the asset division plan before it is final. The court will review the agreement and may modify it if it finds that the division is not equitable. It is important to remember that when it comes to dividing marital assets, fairness should be key.

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How do I handle the division of marital assets in a collaborative divorce?

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