My husband and I own a non-deeded timeshare. Are timeshares considered tangible or intangible property?
The distinction between tangible or intangible is irrelevant.
If the timeshare was acquired during the marriage and not by inheritance, then it is marital property. A value is assigned to the timeshare. Whichever spouse is keeping the timeshare will have its value attributed to him/her in the equitable distribution process.
Attorney with Rosen Law Firm Cary • Chapel Hill • Durham • Raleigh • Wake Forest
Rosen Online | Unlimited confidential access to a North Carolina attorney for $199/mo - click here
The response posted above is based upon the limited factual information made available and is not intended as a full and complete response to the question. The only reliable manner to obtain complete and adequate legal advice is to consult with an attorney, fully explain your situation, and allow the attorney sufficient opportunity to research the applicable law and facts required to render an accurate opinion. The basic information provided above is intended as a public service only, a full discussion with an attorney should be undertaken before taking any action. The information posted on this forum is available for public viewing and is not intended to create an attorney client relationship with any individual. These answers are provided for informational purposes only, a person should consult with their own individual legal counsel before taking any action that could affect their legal rights or obligations.