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August 2017 Archives

Child custody in North Carolina

Statistics show that eight out of 10 judges award sole custody to mothers when custody disputes are brought to court. This might seem like a win for mothers; however, issues could emerge. Some women eventually find that while they won the custody battle, it came at the price of career advancement and financial independence.

The importance of DNA testing

In an ideal world, every child born in North Carolina has two parents committed to nurturing and supporting that child. However, there are circumstances in which there is some question over a child's paternity and the father's obligation to provide support. As a result, one or both parents may decide to request DNA testing.

Women, finances and divorce

North Carolina women may find themselves in an unexpected financial situation after a divorce. According to a report issued by the U.S. Government Accountability Office in 2012, the household income for women dropped an average of 41 percent after their marriage ended, which is almost twice the income loss experienced by men. A significant reason women tend not to fare as well as men after a divorce is that women tend to earn less of an income than men. According to the Bureau of Labor Statistics, the average weekly earnings for women are 82 cents for every dollar men take home. The inequality in pay can be even greater when factors such as types of jobs or certain ethnic backgrounds are taken into account.

What you need for a valid will

Making a will is a major part of careful estate planning for many in North Carolina. An effective will can provide for the distribution of your assets and ensure the carrying out of your wishes when the time comes.

Joint bank accounts and divorce

North Carolina couples who are getting a divorce may need to close any jointly owned assets such as bank and credit card accounts. With credit card accounts, it is important to make sure that any debts are paid off. Creditors might pursue either person for a joint credit card debt regardless of who was actually responsible for the debt in the first place.

3 tips for women to be financially stable after divorce

You are getting a divorce and trying to maintain your financial stability. Your husband is well off, and you are wondering how you are going to keep up your lifestyle post-divorce. Even with child support and alimony, it can seem daunting to figure out. Although it may seem complicated and stressful, there are steps you can take to secure your financial future.

Keeping the family home in a divorce

When a North Carolina resident is considering a divorce, one major goal he or she may have is keeping the family home. In many cases, the family home is the couple's biggest asset. For those who have kids, retaining ownership of the family home may be important to ensuring a stable home life once the divorce is finalized.

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