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PROPERTY DISTRIBUTION, DUI Defence Lawyer, Divorce and Criminal Defence Monroe NC
PROPERTY DISTRIBUTION
- “Marital property” means all real and personal property acquired by either spouse during the course of the marriage and before the date the parties separated.
- “Separate property” means all real and personal property acquired by a spouse before marriage or acquired by a spouse by devise, descent, or gift during the course of the marriage.
- “Divisible property” is the category the court uses for marital property that changes its value between the date of separation and distribution. It is property earned during the marriage but did not realized until after the date of separation. For example: interest and or dividend earned from a marital bank and or stock accounts.
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