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A question that arises is how is property divided between spouses when their marriage ends in divorce. If the parties cannot reach an agreement as to how they will divide their assets, the court is required to make that determination. In this case, the legal proceeding is considered a matter of equity, which means the court will do what it needs to do to assure that the parties are being treated fairly, irrespective of which one of the spouses owned the property at the time of the divorce. Reiser v. Reiser, 2001 ND 6, 621 N.W.2d 348 [¶4] Upon granting a divorce, the trial court is required under N.D.C.C. § 14-05-24 to make such equitable distribution of the real and personal property of the parties as may seem just and proper. The trial court's distribution of the marital property is a finding of fact and will not be reversed on appeal unless it is clearly erroneous. Wetzel v. Wetzel, 1999 ND 29, ¶ 16, 589 N.W.2d 889. [¶5] In distributing the marital property, the trial court must use the guidelines established in Ruff v. Ruff, 78 N.D. 775, 52 N.W.2d 107, 111 (1952) and Fischer v. Fischer, 139 N.W.2d 845, 852 (N.D. 1966), wherein:
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This material is intended for educational purposes only. It is not a substitute for competent legal counsel. Seek appropriate professional advice for answers to your specific questions.
Email: sswandal@ndsuext.nodak.edu |