Property is not necessarily divided 50/50 in a divorce in South Carolina.
Although the division of property usually begins with a 50/50 split, there are many factors that the court may consider that could change the split including the parties’ financial situations, any agreements the parties have reached before their final hearing, and other factors like marital misconduct.
In this article, we will discuss how marital property is divided in SC and why marital property is not divided 50/50 in a divorce, including:
Many people assume that property is divided 50/50 in a divorce, because that is what you see in movies, and there is no shortage of jokes about spouses “wanting half.”
In a community property state, property may be divided 50/50, but, in equitable division states like SC, the family court can change that 50/50 split based on various factors.
In community property states, the courts will split all marital assets 50/50. The court 1) identifies the marital property and the parties’ separate, non-marital property, 2) values the marital property, and 3) divides the marital property equally while each spouse keeps their separate, non-marital property.
There are currently nine community property states including:
Five additional states – Alaska, South Dakota, Tennessee, Kentucky, and Florida – allow spouses to “opt-in” to use community property rules if they meet the requirements.
South Carolina, like most states, is an “equitable division” state, which means that property is not always divided 50/50 in a divorce here.
In most long marriages, the split is close to 50/50, but there are many factors that the court can consider to make the split fair – and fair does not always mean 50/50….
In South Carolina, the court will 1) identify the marital and non-marital property, 2) value the marital and non-marital property (the value of the non-marital property is one of the factors the court can consider in the equitable division), and 3) equitably divide the marital property.
There are 15 factors listed in SC Code § 20-3-620 that the family court must consider when dividing the marital assets, including:
(1) the duration of the marriage together with the ages of the parties at the time of the marriage and at the time of the divorce or separate maintenance or other marital action between the parties;
(2) marital misconduct or fault of either or both parties, whether or not used as a basis for a divorce as such, if the misconduct affects or has affected the economic circumstances of the parties, or contributed to the breakup of the marriage; provided, that no evidence of personal conduct which would otherwise be relevant and material for purposes of this subsection shall be considered with regard to this subsection if such conduct shall have taken place subsequent to the happening of the earliest of:
(a) entry of a pendente lite order in a divorce or separate maintenance action;
(b) formal signing of a written property or marital settlement agreement; or
(c) entry of a permanent order of separate maintenance and support or of a permanent order approving a property or marital settlement agreement between the parties;
(3) the value of the marital property, whether the property be within or without the State. The contribution of each spouse to the acquisition, preservation, depreciation, or appreciation in value of the marital property, including the contribution of the spouse as homemaker; provided, that the court shall consider the quality of the contribution as well as its factual existence;
(4) the income of each spouse, the earning potential of each spouse, and the opportunity for future acquisition of capital assets;
(5) the health, both physical and emotional, of each spouse;
(6) the need of each spouse or either spouse for additio