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Tips for making divorce preparations

North Carolina spouses who are going through a divorce can take steps to make the process easier. One of those first steps is prioritizing. Future exes should write down what their needs are in the divorce as well as their wants and the things they are willing to let go.

It is important to think of the divorce as a legal process despite the emotional ramifications. Couples should understand how state and federal laws will govern aspects such as how property is divided. Before divorce negotiations or litigation can begin, spouses should get their financial information in order. This may involve ordering a credit report and gathering paperwork.

Friends and family may offer emotional support, but they are not legal or financial experts. Therefore, they might not always offer accurate advice. To prevent mistakes, spouses may want to assemble a team of professionals that includes an attorney and financial adviser. The advice of these professionals could help in creating the divorce agreement. The points in this agreement should be specific and legally enforceable. For example, one aspect of dividing property might involve retitling some assets.

There are other elements of property division spouses should also be aware of. For example, property as well as debts could be divided in the settlement. Another consideration is whether selling or dividing assets could incur taxes or penalties. For example, selling some assets could result in capital gains taxes. For 401(k)s and some other types of accounts, it may be necessary to create a document called a qualified domestic relations order to avoid major taxes and penalties.

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I had a wonderful experience with Kennedy Law Associates. Marsha Kennedy and her Associates were knowledgeable, efficient, and caring. I felt like my case was a high priority to them, and they helped me understand every step of the divorce process throughout my entire case. I would highly recommend this firm to anyone looking for assistance with a family law matter!
Jennifer Haines

Smart, Caring Staff

I am savvy financially, but had no clue about the divorce process. Through it all, Ms. Kennedy and her staff have been there for me and my kids.
Anonymous

The experience you need through a difficult time

Marsha Kennedy and her team has expertly handled each situation and guided me through the process.
Kelly

Highly Recommend!

Kennedy Family Law did a wonderful job representing me in my divorce. Always responsive and kept me informed – they really cared about me.
Bette Frederick

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I have been working with Marsha Kennedy and her team and am so impressed with how my case is being handled.
Kelly Peterson
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