During a divorce, the term «equitable distribution» refers to the division of assets and debts acquired by one or both parties during the marriage. (info.legalzoom.com)
Sometimes it means dividing assets and debts in a unique way after discussing potential tax consequences with a financial neutral. (collaborativepracticemarin.org)
Obviously, the fair division of marital assets and debts has a profound impact on the future financial well - being of divorcing parties. (ammlaw.com)