In North Carolina and across the United States, the divorce rate for people above the age of 50 has increased. Nationally, the rate of divorce for couples in this age group has escalated by 50 percent since 1987. One in four couples divorced after the age of 50; this...
Month: November 2017
3 ways to prepare for a divorce in the New Year
As 2017 is coming to a close, you may be thinking about ending your marriage. After making it through the holidays, you may want to have a fresh start in 2018 and file for divorce in January. While you may wait until the new year to file, you will want to do some...
Tips for splitting a retirement account
Couples in North Carolina who are getting a divorce could run into complications if they need to divide a retirement account. There could be taxes and penalties if it not done correctly. For example, a couple needs a document known as a qualified domestic relations...
Why you should change your estate plan if you plan to divorce
If you are in the process of divorcing your partner or waiting for the ink to dry on your decree, you must remember to update your estate plans. All too often soon-to-be divorcees in the Charlotte area think they do not have to modify their estate plans because they...
Answers to 3 common questions about tax consequences of divorce
As you prepare for divorce, there are probably a lot of things swirling around in your mind. With heightened emotions and so many problems overwhelming you, it can be easy to forget about or overlook some important things. For example, have you thought about how your...
When divorce is the better choice
Every day, couples throughout North Carolina are weighing the pros and cons of divorce. Most will try to make an effort to stay together for the sake of the kids, but this can actually hurt both the kids and the parents who try to make the sacrifice. Sometimes,...