equitable distribution of assets

Equitable distribution of assets refers to the fair division of property and financial resources between parties, typically during a divorce or legal separation. This process involves considering various factors such as the duration of the marriage, the financial contributions of each partner, their individual needs, and any other relevant circumstances. Unlike equal distribution, which divides assets 50/50, equitable distribution strives for a just outcome that reflects each party's situation and contributions, ensuring that both individuals can achieve a reasonable standard of living after the separation.