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A Car or Truck and Your Divorce

In Separation & Divorce by Carly Baker

When you separate, one of the issues that you have to resolve is how property is divided. This is a big deal because there can be a lot of property to sort out, and the outcome has big implications for your financial future. Further, tensions between the separating couple can make this task difficult, which can turn property claims into turf wars. A vehicle, like a car, truck, or motorcycle, is a valuable piece of property that can be a focal point when it comes to equitable distribution proceedings. This makes it a topic of great interest. There are several questions that must be answered in determining what should happen with it. These include: Is the Vehicle Marital Property? North Carolina is an equitable distribution state, which means that courts …