Greenville Property Division Lawyers

Protecting Your Assets & Future

Deciding how you and your spouse will distribute marital assets and liabilities is often one of the most challenging parts of filing for a divorce.

At Blood Law, PLLC, our Greenville property and debt division attorneys can help you protect your assets and work towards an equitable, mutually beneficial solution with your soon-to-be-ex.

To schedule a consultation with our team, contact us online or via phone at (864) 713-9044. 

Understanding Property and Debt Division in South Carolina

South Carolina is an equitable distribution state, meaning that spouses must divide marital assets and liabilities in a fair manner.

Importantly, this does not necessarily mean that you need to split marital property equally with your spouse. The judge could award you a greater share of the marital property than your spouse if they believe doing so is equitable, or vice versa.

There are two types of property that factor into property division cases:

• Separate property. Separate property includes assets and liabilities acquired prior to the marriage.
• Marital property. Marital property includes assets and liabilities acquired during the marriage. Even if an asset or liability is owned under one spouse's name, if it was acquired during the marriage, it may still be considered marital property.

It's important to note that separate property can transform into marital property over time. This commonly happens when one party purchased a home prior to marriage that they then shared with their spouse. The original homeowner may get a greater share of the home's value, but the home may be considered a marital asset if both parties contributed to payments for it and utilized it throughout their union.