Marital Property Distribution
Dividing up the property you acquired during your marriage can be really hard. For younger families, with few assets, this process may be relatively simple. However, for families with significant real estate and personal property, it is often a complicated process, particularly when done in court. Collaborative law allows you and your spouse to work out reasonable and relatively uncomplicated agreements outside of court.
At Craig Associates, P.C., located in Asheville and Greensboro, North Carolina, we handle both complex and simple agreements involving marital property distribution. We handle cases where you and your spouse are willing to draft a separation agreement cooperatively. Contact attorney Chris Craig to find out how to protect your property rights during a divorce.
Property acquired by you or your spouse during marriage is often marital property, and as such, a court will divide this marital property equitably during a divorce. When you use collaborative law, you and your spouse can make an individualized separation agreement concerning marital property distribution so that your agreement meets the unique needs of your situation.
If you own complex marital estates, it is even more important to keep decisions out of the court’s hands. You and your spouse are the only ones who can make appropriate decisions about marital property distribution. Collaborative law gives you the opportunity to do this. The court does not. At Craig Associates, P.C., we will help you understand the important legal implications to your decisions such as:
- Dividing up marital and vacation homes
- Outstanding loans and deeds of trusts
- Quit claim deeds and transfers of property
- Spouses who default on loans
- Tax implications of property transfers and alimony
Frequently, spouses seek financial finality after a divorce, such that one spouse will give the other more property rather than paying alimony. There can be serious tax consequences for this. Please let us help you understand and deal with these issues before you take a course of action.
It is important to make an inventory of your marital estate. We draft separation agreements that reflect your intentions and those of your spouse. To learn more about marital property distribution, contact a lawyer of Craig Associates, P.C.
Our firm gladly represents people throughout North Carolina, especially those in Winston-Salem, Raleigh, and Charlotte.
