How will property be divided? Does my spouse automatically get 50% of our marital assets and debts?

Write a comment...

1 Answer

South Carolina Family Court has jurisdiction to equitably divide the parties’ marital property. There is no preset rule regarding the division of assets. Instead, the Courts consider a variety of factors set out in our statutes including: duration of the marriage; separate maintenance and/or alimony awarded; child custody arrangements; physical and emotional health of each spouse; financial/economic circumstances of each spouse; vested retirement benefits of each spouse; need for additional training or education to achieve spouse’s income potential; liens or encumbrances on marital and separate property/debts; nonmarital property of each spouse; tax aspects of divorce; support being paid or received by either spouse regarding a prior marriage or child; desirability of retaining the marital home; each spouse’s contribution to the marriage; fault or marital misconduct of either party; and any other factors necessary to do equity and justice. Therefore, it is impossible to completely ...
This link is broken. Help us!
Write a comment...
Thanks for your feedback!

Related Videos

Not the answer you're looking for? Try asking your own question.