One of the most important steps during any divorce proceedings is deciding who will receive what. In order to decide how to split up a couple’s property, New Hampshire courts use an “equitable distribution” rule. In equitable distribution, the court does not merely split the property equally; instead, the court attempts to determine what division of property is most fair to both parties.
When deciding how to divide a divorcing couple’s property, a New Hampshire court considers the following factors:
- How long the couple has been married.
- The age, health, social status, economic status, occupation, career skills, employability, and income needs of each person.
- The sources of income each person has, including retirement or pension plans.
- What kinds of opportunities each person has to get a job that will pay for that person’s needs. If one parent is given sole custody of the children, the court will consider what that person has to make in order to support the children, as well as whether that person should keep the house.
- Any help one spouse has given the other in getting an education or developing the other’s career.
You may not need the court to determine the division your marital property if you and your spouse can agree on a reasonably fair way to divide your assets. The experienced New Hampshire divorce lawyers at Tenn And Tenn, P.A. can help you assess your own needs and will represent your interests in court to help assure you receive a fair portion of the property. For a free consultation, call Tenn And Tenn, P.A. today at 1-888-511-1010.