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What is an Interim Distribution?

In Separation & Divorce, Wealth by Sarah Hink

Even if both spouses in a marriage work, it is not atypical for one spouse to make a lot more money or to have control over the family’s property, bank accounts, and investments. This discrepancy in power can create big challenges when it comes to separation and divorce. This is because the spouse who makes less money or has less access to resources can have difficulty covering the initial expenses of separation such as moving expenses, paying bills, living expenses, and even hiring an attorney. Significantly, North Carolina is an equitable distribution state, which means that regardless of the income discrepancy between spouses, courts will divide all marital property in an “equitable” manner between the spouses. This is because the law equally values the contributions of each spouse to the …