Dividing debts and liabilities is a key part of the divorce process, as it can significantly impact the financial future of both spouses. The courts follow specific rules to ensure a fair division of financial responsibilities, taking into account various factors to...
Divorce is a complex process, especially for business owners. When assets like a business are part of the equation, there are significant tax considerations that can affect the outcome. Understanding these implications can help business owners make informed decisions...
Dividing retirement accounts during a divorce can significantly impact long-term financial stability. These savings often make up a substantial portion of a couple’s assets. Understanding how their division affects financial futures is important. Factors influencing...
Divorcing while owning a business in North Carolina presents unique challenges, particularly when it comes to dividing business assets. Understanding the process can help you navigate this complex situation more effectively. Equitable distribution in North Carolina...
Divorce can be an overwhelming life event that brings about emotional turmoil and financial challenges. To secure a stable financial future, divorcing spouses should seek to protect their interests. If you are going through a divorce, how can you manage the financial...
Divorce affects not only the couple separating but also their family. Although many resources focus on young children during a divorce, adult children often experience significant emotional challenges as well. It can be helpful to understand how divorce impacts adult...
In North Carolina, the issue of alimony can be complex. This is particularly true when one party is already paying child support and alimony to others. Alimony, also called spousal support, is financial assistance provided by one spouse to the other during or after a...
Prenuptial agreements can be an effective tool for protecting assets if a married couple decides to separate. However, a couple might have reasons for not wanting to draft a prenuptial agreement or may not have created one due to a lack of planning. Fortunately, other...
Divorce can be a complex and emotionally challenging process. However, understanding the basics can help alleviate some of the stress. Some people end their marriage through a default divorce. It is important to review the concept of a default divorce and how it works...
When a couple with children goes through a separation or divorce, child custody and visitation rights become key topics to address. Child support is a financial obligation that a non-custodial parent has towards their child. On the other hand, visitation rights...