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Forensic Accounting and Divorce Proceedings

In Separation & Divorce by Elizabeth Stephenson

Even in the most amicable of separations, dividing property when a marriage ends can be a complex and intense process. In North Carolina, family courts are tasked with making an equitable distribution of marital property between spouses when a marriage dissolves. This involves classifying property as marital or separate property, determining the market value of the marital property, then dividing the marital property in accordance with numerous factors relating to each spouse’s situation, their contributions to the marriage, and fairness. For couples with a large amount of marital property, including real estate, investments, retirement accounts, deferred compensation, stock options, and/or business interests, identifying and determining the value of such property is no small task. Further, the stakes are very high as the property represents both spouses’ hard work and their …