The actual division of rights and interests in all types of tangible and intangible property is called “equitable distribution”.
The step-by-step process involved by courts in equitable distribution are as follows:
The primary goal of equitable distribution is to divide property equitably and fairly. The secondary goal is to minimize the litigation costs so that the assets of the parties available for support, maintenance, future income, retirement income, college education and similar needs are not consumed by the court fight. There are several ways to fast-track equitable distribution including mediation, binding arbitration and collaborative law.