What is Equitable Distribution In A Divorce?
The way in which the court divided assets and debts in states that use the law of "equitable distribution" is often determined by the entire value of property and divide as equally as possible and the same goes with the debts. On the other hand, equally does not mean straight down the middle. Many aspects are determined before the property is divided. In the majority of cases, the spouse with the larger income may receive the majority of the property, even though the person that receives physical custody of the child/children whether they are the high wage earner or not often receives the home. If you are unsure about the laws in your state concerning equitable distribution let whocanisue.com find a divorce lawyer in your area.
The main factors of dividing property include the length of the marriage, if the couple had close to the same wealth prior to their marriage, if both of the spouses can earn about the same, if there are no minor children. The court may give the spouse with less earning ability, contributed less in the marriage, has poor health, and has custody of minor children more property and fewer debts. However, this is not always seen as other states give more property to the person that can afford the upkeep of the property. To be sure your rights are protected during a divorce proceeding it may be a smart idea to hire a divorce lawyer to represent you.
To ensure your rights are not violated it would be in your best interest to talk with a divorce lawyer
as all states have their own laws governing divorce, child custody, and so on and so forth.