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Form 10 Inventory Equitable Distribution Affidavit Fillable PDF Nccourts
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People also ask
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What is the equitable distribution process in NC?
In North Carolina, equitable distribution is the process of dividing assets and debts that were acquired during marriage. The theory behind equitable distribution is that marriage is a shared partnership and therefore each spouse has an equal right to the marital property. -
What voids a separation agreement in NC?
For it to be valid, the agreement must be signed at or after the parties' separation. No one can compel a spouse to sign a separation agreement. An "agreement" means that both parties sign voluntarily. Coercion, fraud, undue influence or lack of knowledge will void the terms of a separation agreement. -
What is the absolute divorce statute in NC?
You are eligible to file for divorce, also called an “absolute divorce,” only after being separated for at least a year and a day. This means that you must have been living in different homes and that at least one of you intended that the separation be permanent during that time. -
Is there a statute of limitations on equitable distribution in NC?
G.S. §§ 50-20 and -21 govern claims for equitable distribution, and do not provide a statute of limitation for absolute divorce or equitable distribution claims. Further, there are no North Carolina cases barring a claim of equitable distribution due to a statute of limitations. -
Is equitable distribution enforceable by contempt in NC?
Unlike custody, child support and alimony, ED judgments cannot be enforced by contempt while the ED judgment is on appeal. Guerrier v. Guerrier, 155 NC App 154 (2002). However, violations of the judgment may be punished by contempt when appeal is complete. -
How does equitable distribution work in NC?
Equitable distribution in North Carolina means the court will review your assets and depts in a divorce, decide what is fair , and divide your property ingly between both spouses. However, this does not mean the split will be 50/50.
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