As Gastonia grows as a commuter city to Charlotte, the wealth in the city and the number of higher-income families also grow. A higher number of assets often complicates divorces due to the state requirement that there be equitable distribution of marital property.
Our experienced high-net-worth divorce lawyer provides services designed to assist individuals and families through the process of equitable distribution in Gastonia high-asset divorces, ensuring that our clients’ rights are protected. Our aim when helping you is for all assets to be discovered, valued, and fairly distributed in a way that preserves your wealth. Contact the Law Offices of Regina M. Taylor to learn more.
In Gastonia high-asset divorces, all marital property is subject to equitable distribution. Marital property includes anything acquired by either spouse or jointly during the marriage, even if only one spouse’s name is on the deed or title to that property. The types of assets that are often considered marital property include:
Any type of vehicle or boat that was purchased during the marriage is likely considered marital property, as are other belongings such as household furniture or valuable collections. If a business was acquired or formed during the marriage, it is also generally considered an asset, as are the incomes earned by either spouse.
The types of property that are commonly regarded as separate items that were gifted to either spouse (not by the other spouse) or inherited during the marriage. Accounts, properties, and personal items that were owned before the marriage and ownership was never transferred to the other spouse are also exempt from distribution.
The presumption in Gastonia high-asset divorce cases is that each spouse will end up with an equal share of the property. However, this can be complicated by certain factors such as unequal earning capacities, the age and health of both spouses, and non-financial duties that one spouse may perform, including homemaking or supporting the other spouse’s career.
It should be noted that assets are not the only thing subject to equitable distribution. The division of debts is also a consideration, with debts that were incurred for the betterment of the marriage more likely to be subject to division. Those incurred for the sole benefit of one spouse often remain with that spouse.
An experienced Gastonia attorney from the Law Offices of Regina M. Taylor may provide several important services to assist in equitable distribution in your high-asset divorce, starting with helping to discover and identify all property subject to division, and obtaining a valuation of that property.
We can also assist in negotiating with your spouse’s attorney to develop an agreement that reflects the wills and desires of everyone. If an agreement cannot be reached outside of court, we could present your case at trial, relying on documentation and expert testimony to help you retain the wealth you have accumulated throughout your life.
Equitable distribution in Gastonia high-asset divorces is a complex matter, and many factors can make this process challenging for you to navigate on your own. Do not try to navigate this alone, and let us help you understand your legal options and protect your future financial stability. Contact us to schedule a consultation today.
