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(Marital Assets) (fillable PDF) - The North Carolina Court System

(Marital Assets) (fillable PDF) - The North Carolina Court System 2025

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The document is a Final Equitable Distribution Affidavit used in the District Court of Buncombe County, North Carolina. It certifies the accuracy of marital, separate, and mixed property valuations and disclosures as per the North Carolina Equitable Distribution Act. The affidavit includes sections for listing assets, debts, pensions, and marital debts, along with their fair market values and other relevant details.

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Are separate bank accounts marital property nc?

Your house, car, retirement accounts, bank accounts, and anything else you gained after getting married, with very few exceptions, are all part of your marital estate. This includes gifts you gave to your spouse (unless you expressly stated they were separate property) and marital debt.

What assets cannot be touched in divorce?

Assets that may be protected from equitable distribution during a divorce are typically belong to one of two types: premarital property that has been kept from being commingled or transitioned and gifts or inheritances.

How do you determine marital assets?

Marital property is generally any asset or debt accumulated by the couple during the marriage. Paychecks earned during the marriage are an example of marital property, as are most debts incurred in marriage. Marital property may also include real estate, businesses, investments, employment benefits, and other assets.

What is a wife entitled to in a divorce settlement in NC?

North Carolina law presumes that an equal (50/50) division of marital property is equitable, or fair. However, the law provides for many factors that allow for an unequal distribution of property, in situations where an equal division would not be fair.

Is North Carolina a spousal state?

In most cases, when spouses give each other gifts during the course of their marriage, those gifts are considered marital property. The courts equitably divide those marital gifts along with the rest of your shared property, unless you have a previous agreement in place.

What are considered marital assets in NC?

In North Carolina, marital property is any asset either spouse acquires during marriage. Marital property includes income, savings, houses, cars, furniture, and anything else of value. This is the marital estate. These marital funds are the financial aspects of your lives together.

Is a car marital property in NC?

If either spouse purchased the vehicle during the marriage, the vehicle is marital property. As a result, it may be divided as part of the equitable distribution process. In other words, each spouse should receive approximately 50% of the vehicles value.

(Marital Assets) (fillable PDF) - The North Carolina Court System 2025

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