The Black and White Story of Court Ordered Distribution of Marital Property
North Carolina is governed by the Equitable Distribution Act. One policy underlying the Equitable Distribution Act is to wind up the marriage and distribute the property fairly with as much certainty and finality as possible. In applying our Equitable Distribution statutes, the trial court must follow a three-step procedure: (1) classification,(2) evaluation of value, and (3) distribution. A resort to the Equitable Distribution law is not the only recognized way for married people to dispose of their marital property. Many couples choose to use the Property Settlement Agreement to amicably dispose of their property without court involvement. If a Property Settlement Agreement is not possible, an Equitable Distribution claim must be filed prior to the final entry of divorce or the claim is barred. Not filing an Equitable Distribution claim prior to divorce makes dividing your property extremely difficult and costly.
Rhonda K. Moorefield is knowledgeable and well-equipped to take you through the complicated process of equitable distribution and ensure that you receive your fair share of the marital estate.