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Valuing Property for Equitable Division

In Separation & Divorce by Sarah Hink

Property division is one of the most frequently disputed issues when couples divorce. The reasons are obvious. First, both members of any marriage contribute to the marital relationship, household, and family, and each is therefore entitled to his or her fair share of accumulated property. Second, property division helps each person to attain some sense of financial stability at a time of great personal upheaval. North Carolina is an equitable distribution state. This means that unless there is a pre-nuptial agreement or other agreement in place, courts in this state are permitted to take all marital property that a couple has accumulated between the time of their marriage and separation and to equitably divide and distribute that property between the couple in accordance with numerous statutory factors. Marital and Divisible …