When considering a divorce clients frequently want to know how a divorce will impact their assets. The District of Columbia follows a process known as “equitable division” to distribute assets following a divorce. This does not mean that the property will be divided equally, but rather it will be divided in a manner that the presiding Judge deems fair. The presiding Judge will weigh the following factors when determining “equitable division”:
- The contribution of each spouse to the marital property
- The occupation of each spouse
- The length of the marriage
- The amount and source of income for each spouse
- The age and health of each spouse
- The employability of each spouse
- The assets and debts of each spouse
- Whether the division is in place or in addition to any alimony award
- Custodial provisions of the children
After considering evidence and making findings on the above factors the Court will issue and order dividing property and debt.