No there is not an established time frame to begin division & settlement of the property. Note: It is important to complete this division prior to the divorce.
This is a very general question. As a general rule, if you acquired the property during the marraige, it is considered martial property.
Yes, inheritance and gifts are considered separate property. Note: A portion of the property owned may be considered “divisible,” i.e. there is a marital and separate component. An example: Company 401(k). If you have a 401(k) with your company prior to marriage, a portion of the 401(k) is separate. The contribution to the 401(k) during the marriage is considered marital.
Hope this helps. Good luck
Originally posted by mag7
1. After agreeing that Divorce is likely, is there a time fream to begin division and settlement of property?
What does NC law say about what is in the house at present when spouses are dividing property?
Is there any property that is omitted(“hands off”) when it comes to division and settlement in divorce cases?
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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 but a full discussion with an attorney should be undertaken before taking any action.