North Carolina Property Distribution Laws
North Carolina Property Distribution Issues & Resources
North Carolina Property Distribution
In a North Carolina divorce, each party will retain his or her separate property. Separate property includes
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any property acquired before the marriage;
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any gifts and inheritances acquired during the marriage;
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any property acquired in exchange for separate property;
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any increase in the value of separate property; and
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the expectation of a non vested pension, retirement or other deferred compensation rights.
In a North Carolina divorce, marital property will be divided equally unless the court finds that an equal division is not fair. In dividing martial property, the Court will consider:
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any direct or indirect contributions to the career or education of the other spouse;
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any depletion or waste of property;
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the net value of the property;
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the liquid or non-liquid character of the property;
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the contribution of each spouse to the acquisition of the marital property, including the contribution of each spouse as homemaker;
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the economic circumstances of each spouse at the time the division of property is to become effective;
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any increase or decrease in the value of the separate property of the spouse during the marriage or the depletion of the separate property for marital purposes;
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the length of the marriage;
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the age and health of the spouses;
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the federal income tax consequences of the court's division of the property;
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liabilities of the spouses;
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any retirement benefits, including social security, civil service, military and railroad retirement benefits;
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any prior alimony or child support obligations of each spouse;
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the desirability of the spouse with custody of any children occupying the marital residence;
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any other factor necessary to do equity and justice between the spouses; and
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interest in keeping an asset or interest in a business, corporation, or profession intact and free from claim or interference by the other party.
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