Concord Property Division Attorney

Protecting You in Property Division Divorce Cases

Property and asset division is often a highly contested issue in any divorce. The outcome of this dispute will have a severe impact on your financial future. The best way to ensure the protection of your rights is to retain a knowledgeable Concord property division lawyer.

For help in Cabarrus County or the surrounding areas, contact Lancaster and St. Louis, PLLC. We are prepared to address any property division issue that may arise in your divorce, including:

• Investment accounts, businesses and real estate
• Determining marital vs. separate property
• Division of complex property and assets
• Valuating assets, such as a marital home

We are committed to providing each of our clients with quality legal representation and superior service. To schedule a consultation with a skilled family law attorney at our firm, contact our law office in Concord, North Carolina.

Property Division and Equitable Distribution In North Carolina

North Carolina law requires an equal division of marital property unless the court finds in its discretion that an equal division would be inequitable. However, courts can and do exercise their discretion in a variety of ways, and there is no guarantee that the court will divide property and debts in your case in an equal manner.

Because of this discretion, you can greatly benefit by having a lawyer who can assist you. You can find the strong advocate you require at Lancaster and St. Louis, PLLC.

The Role of a Concord Property Division Lawyer

A Concord property division lawyer can ease your anxiety by advocating for your rights during the property division process. These lawyers have the experience necessary to navigate the nuances of splitting up marital assets between each spouse to ensure that the manner in which everything is distributed remains fair and equitable.

Property division can be an especially emotional process that also comes with significant contention. Spouses are often proud of the assets they have acquired during a marriage and struggle to part with such assets.

A seasoned property division lawyer can also step in to negotiate and navigate the legal nuances of equitable distribution with the other side while protecting their client’s interests.

Marital Assets and Property Division in Concord

One of the most critical steps in dividing property before a divorce is official is to identify and classify all marital assets. Marital assets can include a long list of items that both parties have likely grown to cherish and expect to always be in their life, including real estate property, retirement accounts, specific investments, businesses, and other forms of personal property.

Once a Concord property division lawyer has identified all items that are up for consideration, they can lead the process of working with an appraiser to understand each item’s worth. They can supervise this step to ensure each item receives a fair valuation.

The court attempts to divide property equitably, meaning there won’t necessarily be a completely even split. Instead, many factors will be considered when determining how property will be divided. Because the division of assets can have significant implications on each spouse’s financial stability, a spouse with a lower income may receive a larger share of the marital assets to offset their economic vulnerabilities.

Resolving Property Division Disputes

It’s not uncommon for property division disputes to surface during a divorce. In fact, it’s one of the more challenging aspects that can be anticipated. Some of the most common reasons for disputes are due to disagreements over how items have been classified or valued, or how each legal team is proposing they are split. These types of disagreements can breed contentious court battles.

Fortunately, a Cabarrus County equitable division attorney is familiar with different strategies to work through these disputes and reach a resolution. Their overall objective is to ensure that the division of marital assets is legally sound and that both parties reach a consensus that the agreement seems fair and reasonable. They can try to achieve this through mediation sessions or their own negotiation tactics.

If the parting couple cannot come to this agreement on their own, the case will need to be advanced to court, where a judge will make a final decision.

However, the process can be completed much faster with lower legal costs if the couple divorcing is generally agreeable and can reach a consensus on their own. Financial mediation is required during the process and can be helpful in giving you more control over your settlement and taking it out of a Judge’s hands.