Need an Attorney?
Your Marital Property Division Attorney
Protect your property and make sure marital property is divided fairly. The Spagnola Law firm has helped hundreds of clients achieve an equitable distribution of marital property in Greensboro, High Point, and the Triad area.
Make Your Case
Skilled Property Division Counsel
“What happens to my property during the divorce?” is a question we encounter frequently. In North Carolina, division of property and marital assets continues to play a major role in divorce. The legal term for property division in North Carolina is “equitable distribution”.
Some property ownership may be clear-cut. Others may be a little more murky. But when you’re going through your assets in a divorce, it’s important you not try to go it alone. You need the guidance of a qualified third party.
You may have ended up on this page because you know a divorce is unavoidable in your marriage. And if you have property in question, you want to make sure are financially protected.
The best advice we can give is to act promptly and rationally. You need a qualified, dedicated family attorney who will act quickly and decisively to protect you, your assets, and your rights.
Types Of Divorce Property Division We Handle
Division of property in a divorce can be a complicated and frustrating process, especially in hotly contested divorces, but our divorce property division lawyer is here to help you make the process easier. We work hard to ensure that your rights are protected as we advocate for your interests and needs and fight to help you receive a fair and favorable outcome in your divorce.
With over 25 years of experience, you can trust our attorney to help you with your adoption. Attorney Sam Spagnola is a Board Certified Family Law Specialist by the North Carolina Board of Legal Specialization a member of NC Family Law SuperLawyers, a Client Champion Award Winner, and his commitment to client service is recognized with an AVVO Client Choice Award 5 Star Rating. If you require assistance with a property division case, our firm is the right choice for you. Contact The Spagnola Law Firm today to schedule a consultation.
Marital Property
Marital property includes property and assets that were acquired during the course of the marriage, such as homes or vehicles purchased during the marriage. This can also include shared bank accounts and joint investments. Regardless of whose name is on the title, marital property is often considered joint property for the purposes of a divorce. Our divorce property division lawyer will help you ensure that all marital property is accurately and fairly categorized and divided fairly according to the law.
Separate Property
Property and assets that were acquired before the message are categorized as separate property. In some cases, separate property may include certain gifts made to one individual and legal settlements such as personal injury settlements. Typically, separate property is not divided during the divorce. Our attorney will help you ensure that separate property is correctly classified in your divorce.
Cash Holdings
Cash holdings include checking or saving accounts as well as any money stored in other places such as safe deposit boxes. Our attorney will help you evaluate the full extent of cash holdings that you and the other party own. Full disclosure of these assets are crucial to a fair division of property in a divorce, as is investigating whether these holdings are separate property or marital property based on their origin.
Inheritance
In divorce, assets received through inheritance often remain separate, but there are circumstances in which inheritance can be considered marital property. If one party received money for inheritance and placed it in a jointly-owned bank account, it may then be considered marital property. Our divorce property division lawyer will help you make sure these rulings are made fairly.
Income From Property
If you own property that generates income, such as a property that you charge rent for, this income may be divided in the divorce, especially if the property is considered marital property. Determining the proper classification of both the property and the income is important, and our attorney will help you do so.
If you are in the midst of a divorce, our divorce property division lawyer is here to help you ensure that property is divided fairly, that your rights are protected, and that your interests are advocated for throughout every step of the divorce process. For more information on how we can assist you, contact the Spagnola Law Firm today.
Contact
The Spagnola Law Firm
Protecting You
Don’t let your voice go unheard. You need representation who is looking out for you. Spagnola Law Firm is your advocate.
Protecting Assets
Make sure your financial status is accurately represented. Protect your assets and ensure fair division.
Protecting Rights
Don’t give up any of your rights without a fight. Assert your rights as a parent and know where you stand legally.
Advocating For Your Assets
Other than issues relating to children, equitable property distribution remains one of the most contentious issues in a North Carolina divorce. A skilled attorney can help guide resolutions both parties may agree on.
That’s why you need a Board Certified family lawyer. Determining division of property in can be reliant on many factors. Contrary to common belief, property is not always divided equally. But we think you should be entirely in the loop when those decisions are made. The Spagnola Law Firm is your legal advocate and partner in those decisions in Greensboro, High Point, or elsewhere in the Triad.
Know where you stand in regards to property acquired before marriage and property owned independently. Rest easy knowing exactly what’s going on with your case.
That’s how we not only achieve fair resolutions in NC property division cases, but also provide peace of mind.
Working With Couples
A History of Equitable Practice
Ideally, marital property should be split 50-50. However, it’s not always obvious what constitutes half of property and assets. We work directly with couples to find the best legal compromises.
Determining Stakes
When there are significant financial assets on the line, it’s crucial to consult with a good lawyer. Someone skilled at navigating property divisions can ensure that your interests are represented, and that the division is fair and equitable.
Effective Communication
Property division in Greensboro can also be a matter of thinking outside the box. In many cases, it’s not possible to literally split everything down the middle. Agreements must be reached. We have the experience required to reach these agreements.
Marital Property
Inheritance
Cash Holdings
Separate Property
Divisible Property
Income From Property
About Spagnola Law
Skilled Family Lawyer in Greensboro, NC
The North Carolina legal system is a big place. It’s easy to get lost in the shuffle.
Finding the right legal representation is the best first step you can take. It’s how you can begin drawing up a game-plan and know your options moving forward.
The Spagnola Law Firm has worked with hundreds of families and couples in Greensboro and other areas of the Triad. We know the local legal system and we know how to protect your rights, interests, and assets. We consistently deliver the best results we can for every single client.
We believe everyone deserves not only their day in court, but fair and effective legal representation when that day comes. Everyone deserves a good lawyer.
If you’re facing the NC court system, we can help. We learn every nuance of your specific case to ensure you have the best legal counsel when that day comes.
What Is Considered Marital Property in NC?
According to the state, marital property is “all real and personal property acquired by either spouse during the course of the marriage and before the date of separation.” We help you determine what qualifies as “shared property.”
What Is Divisible Property in North Carolina?
Courts in NC use the “divisible property” category to catch any changes to the value of marital property that have occured after the date of separation. This is done to ensure both parties are receiving a fair distribution of marital property that isn’t deemed “separate property.”
How Do You Divide Marital Property?
Generally, we work to create a list of belongings, properties, and other assets acquired during the marriage. Then we get a value of all of those things. We then negotiate to determine a fair owner for the property and assets. If an agreement is reached it will usually be done as a contract if no case has been filed, or a consent order if a case has been filed. If no agreement can be reached after negotiations and mediation, then a judge will decide how to divide the property. This is a simple overview of the process and these cases can be complex when determining the classification, valuation, and distribution of assets.
Why Spagnola Law Property Division?
We’ve proven to be effective legal advocates for individuals needing division of property representation in Greensboro and the Triad of NC. We’ve achieved favorable resolutions for many of our clients, and we can work toward achieving them for you too.