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February 2018 Archives

Business ownership can complicate property division

For North Carolina couples who are going through a divorce, the financial aspects can be particularly worrisome. This is especially the case when the property of the marriage includes a family business that can be difficult to split up using a standard asset division process. Dividing a closely held business can bring with it an array of questions, including establishing a correct valuation, dealing with the business value in relation to other marital assets and handling proper reporting of business-related income.

Why people shouldn't seek revenge in a divorce case

North Carolina estranged spouses who believe that divorce will be a good measure of revenge may want to rethink their strategy. In most cases, revenge may feel good for a little while before causing people to needlessly think about their hurt and anger. By refraining from seeking revenge, it may be able to move past the reason an individual wanted to get back at a spouse in the first place.

How tax law changes impact future divorce cases

North Carolina residents and others who pay alimony have historically been able to write payments off as a tax deduction. Those who receive alimony payments generally have to claim it as income. However, this will no longer be the case starting in 2019. This has caused some concern that current methods of calculating alimony payments in a divorce are no longer reliable.

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