Equitable distribution refers to a legal principle that governs how marital property is divided during divorce proceedings. It means dividing assets and debts in a fair and just manner, taking into account each spouse's contributions and circumstances. The goal of equitable distribution is to ensure that both parties receive an equal share of the marital estate, while also considering factors such as income, expenses, and future needs. This approach differs from community property states, where assets are divided equally between both spouses regardless of their individual contributions or circumstances.