All property that is “marital property” and all debts that are “marital debts” is divided. What constitutes marital property has developed from an extensive body of case law decided by appellate courts since the equitable distribution law was first passed in 1981. The law of equitable distribution is one of the most complicated areas of law in North Carolina and you are well advised to speak to a North Carolina Family Law Attorney to discuss it and determine how it applies to your case.