Property Division

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Raleigh Same-Sex Property Division Attorney

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When they are considering a divorce, many people start to feel anxious and intimidated about all of the unknown financial variables involved. This is highly understandable, but is also a heavy burden to carry, especially when you are already facing great emotional stress and mental agitation at the thought of separating from your marriage.

If you are a person from a same-sex relationship, all of these whirling fears and pressures will be bothering you just as much as these issues worry those from heterosexual marriages. Property division can be especially nerve-wracking, as you try to predict how your accounts, debts, and assets will be divided, or what to do with items that are not easily liquidated.

No matter your circumstance, you can trust our Raleigh same-sex property division Lawyer at Hopper Law Office to represent you with absolute dedication. Contact us now at (919) 694-4595 if you are looking for family law Attorney who can offer you real answers to your questions about property division.

Community Property Versus Equitable Distribution

The state of North Carolina, like most other states in our country, is an equitable distribution state rather than a community property state. What this means is that the court will seek to distribute all of the divorcing couple’s assets fairly, properly evaluating the circumstances of each party.

This affords a much better scenario for your divorce than if you were to separate in one of the nine states that use community property distribution, which are Wisconsin, Washington, Texas, Arizona, New Mexico, Louisiana, Nevada, California, and Idaho. Community property distribution means that the judge simply divides all of the property directly in half, without evaluating just how fair the split is for both individuals.

Three Classifications for Property in North Carolina

Dividing all your property can take a while during a divorce, since all of the assets and debts that you and your partner own must not only be collected but organized into three primary categories, where the court will assess their actual value before then distributing them between you and your former spouse.

The three distinct classifications for property within the state of North Carolina include:

  • Marital property – This category consists of all the property that you and your partner received during the marriage, except for special distinctions included under “separate property"
  • Separate property – This class is comprised of all property owned by each spouse prior to the marriage, as well as property which one spouse got by inheritance or as a gift
  • Divisible property – Any value changes, whether positive or negative, within marital assets or debts (such as stocks) following the separation date will be included in this category, as well as income received in the marital property category after the marriage’s dissolution

Peace of Mind in Trying Times

During the wedding ceremony between individuals, whether gay or straight, the two parties are not expecting that their relationship will eventually end up in divorce. However, sometimes life is filled with challenges that make divorce the only possible option. In the looming inevitability of separation, the entire process of trying to untangle the difficult aspects of property division can seem overwhelming. You can have true peace of mind if our Raleigh same-sex property division Attorney are on your side.

Call us today at (919) 694-4595 or contact us online so our team at Hopper Law Firm can help you get a fresh new start after your divorce.

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