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North Carolina is an equitable division state which means that the court will divide the property in a manner in which they think is fair. This may mean a 50/50 split of your retirement pay depending on how long you were married. Other factors considered are the spouses’ ages, health, income, assets, and liabilities. The court will also look at the length of the marriage, the liquidity of the marital property (cash being the most liquid asset while stocks are among the least liquid), and how each spouse contributed to the marital property or dissipated marital assets. Contributions as a homemaker count the same as any monetary-based efforts, and you have a greater chance of keeping the family home – or at least the right to live in it – if you have custody of the children. Additionally, the court will consider tax consequences and any other factor that’s just and proper.
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