No divorce is easy. Though some divorce cases can be...
Equitable Distribution
Determining the Date of Separation and Why It Has Legal Significance.
The date of separation is the date that the parties begin living separate and apart with the intention on the part of one (or both) of the parties not to resume the marital relationship. Living in separate parts of the same house, or sleeping in separate bedrooms, does not count as being separated.
Should I Try to Settle or Go to Court and Let a Judge Decide?
There are five discrete legal issues that are commonly associated with divorce: (1) child custody, (2) child support, (3) post separation support, (4) alimony, and (5) equitable distribution of marital and divisible property and debts. Although the actual divorce must be granted by the court, you and your spouse can settle other issues related to your divorce outside of court.
Are Accounts Titled in the Name of Our Minor Child Considered Marital Assets?
It is fairly common for parents to establish and fund financial accounts in the name of their minor child. Often this is done in anticipation of the child’s college education expenses, to create savings for the child, or for estate planning purposes.
Didn’t Sign a Prenup? A Postnuptial Agreement Might Be Right for You.
A prenuptial agreement (also known as a premarital agreement) is an agreement entered into between two parties who are planning to be married. In order to be legal and binding, a prenuptial agreement must be entered into and signed by both parties before the marriage. However, parties who are already married can take advantage of some of the benefits of a prenuptial agreement by entering into an agreement known as a “postnuptial agreement.”
How Is Property Valued for Purposes of Equitable Distribution?
One of the critical steps in the equitable distribution process is to place a value on all property classified as marital property. In North Carolina, all marital property (which includes assets and debts) must be valued as of the date of separation.
Six Reasons to Postpone Dating after Separation.
There are no legal guidelines in North Carolina that specify how long you should be separated from your spouse before you begin dating. Some people may feel lonely and want to start dating soon after separation while others have difficulty accepting that their marriage is over or otherwise have no interest in getting involved in a new romantic relationship.
How Long Am I Entitled to Receive Alimony?
Some people mistakenly believe that there is a formula that judges apply to determine how long a dependent spouse is entitled to receive alimony.
Do I Need a Business Valuation If I Am Getting Divorced?
Under North Carolina’s equitable distribution laws, all marital property must...