When you decide to get a divorce in North Carolina, there is a right way and a wrong way to divide property. In this video, I want to show you the right way so that you won’t make the same mistake that too many North Carolinians during their separation and divorce. Hello and welcome to another episode of the Ask a lawyer show. My name is Jim Hart, I’m back at you here with another exciting episode. Today I want to talk to you about how to divide up assets when it comes to equitable distribution for your divorce. Now that may sound like a big bunch of mumbo jumbo, but what I’m really getting at here is that while you’re married you accumulate a lot of stuff, and when you decide to separate and divorce you have to divide up that stuff. What you need to know is what’s the best way to do that. Let’s take an example … And by the way, before we go any further I just want to remind you to hit the button, I think it’s over here, make sure you subscribe to today’s episode and if also you could hit the little, I think there’s like a bell or an alarm box or something that’ll update you and let you know when I post new episodes, that would be great. If you could just go ahead and click that box too, I’d really appreciate it. If you have comments, question, anything that you would want me to answer in a future episode, please feel free to comment below. Also, we’ll include notes and everything I talk about here in the description below, as well as links to my websites with more information on this topic. So basically what I want to talk to you about today is, again, dividing up assets or stuff or whatever you want to call it, that you’ve accumulated during your marriage. This question is courtesy of Derrick Parish, who is a financial advisor with Edward Jones. (These phones are great, but I hate when they go off in the middle of recording. Do not disturb, done). Today’s question is courtesy of Derrick Parish, he’s a financial advisor, a really nice guy, I met with him this past week for coffee and a little bit of breakfast. He invited me out because he has a client that’s going through a divorce and what they weren’t quite able to figure out is how to divide up their stuff. Here is the big issue. Let’s say you’ve got, just in broad terms, in terms of assets, you’ve got a house that has, let’s say a 100,000 dollars of equity in it. On the other side you’ve got … One of you has, either you or your spouse has a retirement account that’s got a 100,000 dollars of equity. And let’s say you’ve got some cash, that’s got a 100,000 dollars in equity. How do you divide that up?