Equitable Distribution
Definition:
Equitable distribution of marital assets refers to how the states divide marital (community) property when a marriage ends in divorce. Rather than a fifty-fifty split of marital property, equitable distribution laws focus on the financial situation of each spouse after the marriage ends to determine how the assets are split.
Consequences of Equitable Distribution:
Most people believe that the marital assets will be split fifty-fifty, but that is a rebuttable number. Equitable distribution is determined by financial factors that affect each spouse after the divorce. Equitable distribution can be more complex than divorcing couples may think. The following are some of the factors evaluated for determining equitable distribution:- Age
- Income/Earning Power
- Health
- Each spouse's property
- Length of marriage
- How much each spouse has contributed
- Child support responsibilities
- Spousal support responsibilities
- Inheritance
- Liquidity of property and assets
What a Lawyer can do for you:
Equitable distribution lawyers can help in the process of determining equitable distribution. Equitable distribution lawyers review primary documents that show assets and liabilities such as stocks and bonds, pensions and businesses. Lawyers are also aware that spouses sometimes hide assets to they are undiscoverable. By working with financial experts, equitable distribution lawyers can help make the process more efficient, as well as help with mediation during a divorce proceeding.Lawyer Referral Service:
If you are going through a divorce and need assistance with determining equitable distribution of marital assets, an equitable distribution lawyer can help you. Attorney Search Network can help you find an equitable distribution lawyer in your area.If you have any questions about the information
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