North Carolina is one of 36 states that allow child support orders to be reduced when noncustodial parents are sent to prison, but incarcerated parents are considered to be voluntarily unemployed in many parts of the country. Financial obligations can add up quickly...
Year: 2016
Planning ahead during divorce
Just as planning for an upcoming wedding and marriage is a multi-step process, so, too, is planning for a divorce. Divorce brings with the inevitable financial and emotional ramifications, but you can minimize divorce-related complications and make an already...
Divorce is down and marriage is up
Couples in North Carolina may be interested to learn that divorce is on the decline throughout the country. Furthermore, marriage is on the rise. In 2015, among every 1,000 women over the age of 15, 32.2 marriages took place compared to 31.9 in 2014.This research came...
Why everyone should have a prenuptial agreement
With all the steps that go into planning for an upcoming wedding and marriage, it can be easy to get caught up in the excitement of it all and leave some of the more mundane tasks until later. While you may be tempted to put off drafting a prenuptial agreement, it is...
Child support, extracurricular activities and other expenses
North Carolina parents who have gone through a divorce that involved a child support order might wonder what expenses are covered. Child support often covers basic expenses but little else. If custodial parents want the child to have music lessons or play a sport,...
Divorce after 50 for North Carolina women
The divorce rate for people throughout the country over the age of 50 is growing, and it may lead to financial uncertainty for women in particular. In 2012, a paper released by the Social Security Administration found that women who remained single throughout their...
Financial issues to consider during a divorce
Financial matters can be one of the most contested issues of a divorce as well as a precipitating reason for one. North Carolina residents who are facing the end of a marriage may want to learn about some of the common ones.A couple's state of residence determines how...
Separate your finances before filing for divorce
If you suspect a separation or divorce is in your near future, you may be concerned with matters such as how it will impact the children and if you and your partner will remain cordial. It is easy to get caught up in the emotional side of family transitions and leave...
When texting your former spouse is hazardous
Chances are that you carry a cell phone around with you wherever you go. That phone allows you to remain connected to friends, to work and to the general world around you. It also helps to ensure that you can be reachable in an emergency. There are unquestionable...
Assessing financial goals before marrying
Divorces can be emotional and stressful for North Carolina couples. Although the plan when entering marriage is typically a forever relationship, more than 40 percent of first marriages do not survive. The divorce rate has decreased substantially since 1980, but...