In North Carolina’s “Equitable Distribution of Marital Assets” statutes, empower the court to divide all marital assets (including real and personal property) and debts. It is important to understand that the rights to equitable distribution are not automatic and must be specifically claimed by one or both spouses. Any equitable claim to, interest in, or direct or indirect contribution made to the acquisition of such marital property by the party not having title, including joint efforts or expenditures and contributions and services, or lack thereof, as a spouse, parent, wage earner or homemaker. The courts consider any direct or indirect contribution made by one spouse to help educate or develop the career potential of the other spouse following factors when determining the property distribution. [continues]
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