The willpower of property division, together with actual property, throughout divorce proceedings in Maine adheres to the precept of equitable distribution. This authorized commonplace dictates that marital belongings be divided pretty, although not essentially equally, between the divorcing events. Components thought of on this course of embrace the contributions every occasion made to the acquisition of the property, the financial circumstances of every partner, and the worth of separate property owned by every particular person. A residence acquired throughout the marriage is often thought of marital property, topic to this distribution.
Understanding property division is essential for people present process divorce, because it instantly impacts their monetary stability and future dwelling preparations. Historic precedents and evolving interpretations of equitable distribution in Maine courts form the result of those choices. Securing competent authorized counsel is helpful in navigating the complexities of asset division and advocating for a simply decision.
