What is Equitable Distribution?
Equitable distribution refers to the allocation of marital property after a couple has been divorced. It is advised to seek the expertise of a marital lawyer because property is split according to what the court deems to be fair, not necessarily equal.
Fair Division of Wealth
How is it Determined?
The courts determine a “fair” division of assets based on a number of factors. These include, but are not limited to:
- The length of the marriage
- When each of the spouse’s assets were acquired
- The type of asset
- Each spouse’s contributions during the marriage
- The age and physical health of the spouses
- Who has custody of the children
- Tax and debt obligations
In other words, things are not always black-and-white. There’s quite a bit of gray area, which is where a marital lawyer with expertise in equitable distribution comes in.
Which Assets can be Affected?
Just about any asset you own is subject to equitable distribution. These assets include, but are certainly not limited to:
- The marital residence
- Additional real estate
- Stocks and bonds
- Retirement accounts and pensions
- Business interests
- Tangible property
In order to protect your assets to the fullest extent, employing the expertise of a marital attorney like KLG Law will help.
How KLG Law Will Help With Your Divorce Needs
Navigate Complex Legal Processes
Going through a divorce is often physically, mentally and emotionally taxing. The legal counsel of KLG Law can help you make decisions that are in your best legal interest during a difficult, emotional time.
Fight for Your Fair Share
Entering an equitable distribution case without the counsel of a marital lawyer harms your chance of receiving your desired results. Remember, the courts decide what’s fair, and having the right attorney on your side can help you fight for the maximum possible award.
Additional Legal Expertise
KLG Law has experience in a wide range of additional divorce law fields, including child custody agreements and spousal maintenance. When you choose KLG Law, you can rest assured that each aspect of your divorce will be handled expertly from a legal standpoint.