Charlotte Divorce Lawyer Blog
When a couple decides to divorce, one of the main areas of dispute is often the division of property. In North Carolina, the law states that in a divorce, couples must divide their marital assets in a manner that is fair and equitable. Sometimes, spouses may argue over their assets, particularly those that they owned before they got married. It is helpful to understand the differences between separate and marital assets when dividing your property. Protecting your personal assets is a process that should begin before you get married.
Identify Your Assets
It is essential to understand which assets are yours alone and which are considered marital property. Separate property is generally anything you owned prior to marriage. Document your personal assets with receipts, titles, and photos. In particular, you will want to secure proof of purchase date to show that you bought the asset prior to your date of marriage.
