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What Is Equitable Distribution?

Once you are married, the assets and property you own are now assumed to be owned by both you and your spouse. Marital property is all the assets you have acquired during the length of your marriage. If your marriage is ending in divorce, these assets must be divided equitably.

In many cases, asset division becomes contentious when a business is involved. It is important to have an experienced attorney on your side who can navigate the nuances of asset division to achieve a fair result. As the principal attorney at The Law Office of Elizabeth J. Hill, I have worked with business owners and their spouses in the Lexington area for 25 years.

Your Assets Matter

Your business and your assets matter. It is important to seek a resolution that is done right the first time so you can move forward with your life after divorce. Some property such as inheritance, gifts or things specified in a prenuptial agreement may be protected in divorce, but they may still play a role in the larger picture of your asset division.

The focus of equitable distribution is not a 50/50 split. Instead, the focus on what is equitable, so you and your spouse both have a chance of living a productive life after divorce. You must consider the following factors:

  • The length of your marriage
  • Your spouse’s age, education and career prospects
  • The impact and contribution of taking time off work to raise children
  • Your potential lifestyle after divorce

I understand how each of these factors could affect asset division in your divorce. Protect your future, your finances and your family with my experience. Set up an appointment with me today by calling my office at 859-554-1567 or send an email by using my online contact form.