North Carolina Equitable Distribution Inventory Affidavit

State:
North Carolina
Control #:
NC-SKU-0643
Format:
Word
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Description Equitable Distribution Affidavit Nc

Equitable Distribution Inventory Affidavit
The North Carolina Equitable Distribution Inventory Affidavit is a legal document used in North Carolina divorce proceedings. This affidavit is a written accounting of the marital assets and liabilities of the spouses, which is submitted to the court. It is used to determine the division of assets and debts equitably between the parties. There are two types of North Carolina Equitable Distribution Inventory Affidavit: the Marital Property Inventory Affidavit, and the Separate Property Inventory Affidavit. The Marital Property Inventory Affidavit is a document used to identify, describe, and value all marital property and debts, which includes any assets or debts acquired during the marriage. The Marital Property Inventory Affidavit must be completed and signed by both parties, and should include a list of all property and debts, their estimated value, and any other relevant information. The Separate Property Inventory Affidavit is a document used to identify, describe, and value the separate property and debts of the parties. Separate property includes any assets or debts acquired prior to the marriage, or inherited by either party. The Separate Property Inventory Affidavit must be completed and signed by both parties, and should include a list of all separate property and debts, their estimated value, and any other relevant information. Both types of North Carolina Equitable Distribution Inventory Affidavit are used by the court to determine an equitable division of assets and debts between the parties in a divorce.

The North Carolina Equitable Distribution Inventory Affidavit is a legal document used in North Carolina divorce proceedings. This affidavit is a written accounting of the marital assets and liabilities of the spouses, which is submitted to the court. It is used to determine the division of assets and debts equitably between the parties. There are two types of North Carolina Equitable Distribution Inventory Affidavit: the Marital Property Inventory Affidavit, and the Separate Property Inventory Affidavit. The Marital Property Inventory Affidavit is a document used to identify, describe, and value all marital property and debts, which includes any assets or debts acquired during the marriage. The Marital Property Inventory Affidavit must be completed and signed by both parties, and should include a list of all property and debts, their estimated value, and any other relevant information. The Separate Property Inventory Affidavit is a document used to identify, describe, and value the separate property and debts of the parties. Separate property includes any assets or debts acquired prior to the marriage, or inherited by either party. The Separate Property Inventory Affidavit must be completed and signed by both parties, and should include a list of all separate property and debts, their estimated value, and any other relevant information. Both types of North Carolina Equitable Distribution Inventory Affidavit are used by the court to determine an equitable division of assets and debts between the parties in a divorce.

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FAQ

More specifically, dissipation of marital assets occurs when one spouse uses marital assets for their own benefit while the marriage is undergoing an irretrievable breakdown. The period in which dissipation of marital assets can happen is not isolated to after the couple has filed for divorce.

Factors Involved in Complex Equitable Distribution The equitable distribution statute requires an equal division of the couple's marital property. In an equal distribution, one spouse would receive 50% of the marital property and the other spouse will also receive 50% of the marital property.

Statements of residency and grounds to file in North Carolina. A statement that the parties have acquired divisible property. A request for equitable division of the assets and other relief. The signature of the person filing, and their attorney's information, if they have an attorney.

Dissipation usually arises when one spouse spends marital money on an extramarital affair, extravagant travel and vacations, gifts or anything else that does not benefit your marriage.

In determining whether one party's spending is dissipation, the Court will consider the following factors: (1) the proximity of the expenditure to the parties' separation; (2) whether the expenditure was typical of expenditures made by the parties prior to the breakdown of the marriage;(3) whether the expenditures

Property can be divided in any amount. However, in most North Carolina divorce situations, equitable distribution law presumes an equal 50/50 division ? meaning each spouse receives half of the estate.

In order for a court to determine that assets have been dissipated, several factors need to exist: The assets must be marital. If a spouse squanders separate property, the other spouse wouldn't have had access to those assets anyway. The assets must have been lost ?upon or after? the breakdown of the marriage.

In order for a court to determine that assets have been dissipated, several factors need to exist: The assets must be marital. If a spouse squanders separate property, the other spouse wouldn't have had access to those assets anyway. The assets must have been lost ?upon or after? the breakdown of the marriage.

More info

The purpose of this Equitable Distribution Inventory Affidavit is to give the Judge the information needed to equitably divide the property. Each column in each schedule must be fully completed prior to filing with the court. 7.Equitable Distribution Affidavit. These forms are intended to provide visitors to our site with an idea of how finished documents might look. Equitable Distribution Inventory Affidavit Form. This is a North Carolina form and can be use in Johnston (District 11B) Local County. The purpose of this Equitable Distribution. Inventory Affidavit is to give the Judge the information needed to equitably divide the property. Your equitable distribution affidavit is a legal document that you are attesting to under oath. The purpose of this affidavit is to give the Judge the information he or she will need to equitably divide the property.

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North Carolina Equitable Distribution Inventory Affidavit