Find a Divorce Lawyer
Equitable distribution is a method of property division in the event of a separation or divorce, as used by certain states in the U.S. Equitable distribution involves two key steps: 1) determining which property should be divided, and 2) dividing the property. During the first step, the assets owned by a married couple will be divided according to what is "separate property" (owned by individual spouses) and what is "marital property" (subject to distribution). Separate property may include gifts or assets acquired before or after the marriage or through inheritance. During the second step, marital property will be "equitably" distributed. This does not guarantee a 50/50 split but rather the fair distribution of property between spouses.
If you have questions about equitable distribution and whether this applies in your state, now is the time to connect with a qualified family law attorney in your area.