Equitable Distribution
As with other steps in the divorce process, how the marital assets will be divided cannot be decided until all financial information is gathered and all questions answered. Information about income (current and potential), tax returns, current values of the property, needs of the care-giving parent to maintain the primary marital home, etc, must all be shared with the courts.
Equitable distribution also involves discussing the financial contributions of each spouse throughout the course of their marriage. How much each spouse contributed to the other’s education, or even what career sacrifices—which led to earning sacrifices—were made by one spouse for the other, or at least as a result of the other spouse’s career/education (for example, if one spouse stayed home with the children, thereby not pursuing career advancement, so the other spouse could attend school or work more hours)… all are taken into account.