Property Division

Charlotte, NC Property Division Lawyers

When a couple divorces, there must necessarily be a division of marital property. Marital property is defined as any income or property earned or acquired by either spouse during the marriage. Examples of marital property include the family home, income earned by either party, stocks and bonds, and retirement accounts.

The general rule is that marital property is divided equally when the marriage is dissolved. There are several exceptions to the general rule that exempts certain types of assets from being divided, such as gifts and inheritances received by only one party.

The division of marital property is often known as "equitable distribution". This implies that there will be a fair accounting of all marital property and that it will be distributed equally between the parties. However, having an experienced family lawyer on your side greatly increases your chances of receiving a favorable property settlement.

The accomplished divorce attorneys  at Troy & Watson have helped hundreds of clients with property settlements as part of a divorce proceeding. To discuss your case and find out what we can do for you, contact Troy & Watson today.

Troy & Watson, P.A., offers high-quality legal services in and around Mecklenburg County, North Carolina, in communities including Charlotte, Mooresville, Huntersville, Pineville, and Lake Norman. Our firm also draws many clients from Iredell, Union, and Cabarrus counties.