How do I determine a fair division of assets in a military divorce?
When it comes to asset division in a military divorce in North Carolina, both spouses typically have an equal right to their marital property. According to North Carolina state law, marital property is defined as any asset or liability acquired by either spouse during the marriage. Examples of marital property can include bank accounts, real estate, cars, furniture, investments, and debts. In order to ensure that both spouses receive a fair and equitable share of marital property in a military divorce, the court must first determine the value of the property and divide it equitably between the spouses. In North Carolina, the court will attempt to divide the property so that both spouses receive comparable portions of the property’s value. In order to do this, the court will consider several factors such as the length of the marriage, income of the spouses, contributions to the marriage, and each spouse’s health. In addition, the court will also consider any specific military benefits or rights granted to either spouse during their marriage. Finally, the court can order the sale of certain assets in order to divide the proceeds equitably. It is important to note, however, that North Carolina’s laws for asset division in a military divorce can vary depending on the couple’s specific facts and circumstances. Therefore, it is best to consult a knowledgeable and experienced attorney to ensure that your rights are adequately protected and your assets are equitably divided.
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