Equitable Distribution Law and Legal Definition
In the context of family law, equitable distribution refers to the division of marital property in a divorce proceeding by a court according to the statutory guidelines which provide for a fair allocation of property between the spouses. However, the allocation of property between the spouses is not equal. When a marriage ends in divorce, the marital property is divided equitably between the spouses, no matter who holds title to the property. This is also termed as equitable division or assignment of property.