The Divorce Process: What is Potentially at Stake?
Depending on the circumstances in your life, a divorce process can mean a possible division of property, it could mean a period of time where monthly spousal support payments are required, and it could mean a dispute over children. What this also means is a potentially lengthy and costly litigation battle.
Equitable Distribution of Property
Equitable distribution of property refers to a division of marital assets between the spouses when they divorce. Generally, properties, assets, monies, financial accounts acquired by each spouse during the marriage is considered to be marital assets and a part of the marital estate subject to equitable distribution in the event of a divorce. There are potential exceptions. Distribution of the properties is a possible consequence of a divorce and therefore you should seek legal counsel if you are planning on going through a divorce.