Division of Property

Question 1

Steps in the process of dividing property

Answer 1

1. Step 1 = identify the character of the property
2. Step 2 = The property must be appraised or otherwise valued as of the time of separation of the parties
3. Step 3 =

court determines what would be an “equitable” distribution of all the marital property between the parties, considering a number of factors.

(a) Note that equitable is not synonymous with equal