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July 2018 Archives

Self-reflection and education could ease conflict during divorce

When North Carolina couples decide to end their marriage, they enter an emotionally challenging time that also requires navigating long-term financial decisions. Individuals will experience a spectrum of feelings that tend to follow the order of shock, anger, resentment and acceptance. Mindful attempts to identify feelings and motivations could help people balance their emotions with logic when negotiating the terms of a divorce and setting up a single-income household.

More young people seeking prenups

An increasing number of young people marrying in North Carolina and across the country is also making use of prenuptial agreements, according to a lawyers' organization. The American Academy of Matrimonial Lawyers said that over the past 20 years, the frequency of prenuptial agreements has quintupled among people of all ages. However, in the past several years, the number of millennials in the 18 to 34 age range requesting prenups has grown in particular.

Six financial surprises women may experience during a divorce

While some divorces in North Carolina present very few surprises, this isn't always the case. According to an online marketplace survey, nearly half of all divorced women surveyed reported experiencing financial surprises. The study involved nearly 2,000 adult women who were either about to start the divorce process, going through it or already divorced. More than 20 percent of the participants were women 55 or older although Gen X and millennial women also participated.

Financial discord could lead to divorce

In North Carolina and around the country, financial difficulties continue to be one of the leading causes of divorce. One may think that only low-income earners are prone to money problems, but professional couples earning substantial wages can have financial issues too. While there are a multitude of underlying reasons that money is a factor in divorce cases, a major obstacle that couples face is a lack of financial planning.

3 tips for co-parenting after a divorce

Divorce is a difficult and emotional process for anyone, but if you and your spouse have children, a lot of the real work begins only after the divorce is final. That is because the hard job of co-parenting requires the two of you to follow a parenting and custody plan as outlined in the divorce agreement or court order, during a time when you would probably rather not have to remain in contact.

Divorce can have a major impact on retirement

While many North Carolina spouses going through divorce may be aware that the separation process can have an impact on their immediate finances, the effects may actually be more long term. Depending on how close one is to retirement, for example, their preretirement standard of living may not be maintainable.

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Are quality legal services available in your Charlotte neighborhood? Yes, our offices are located in Ballantyne, so you do not need to fight traffic driving uptown or deal with the inconvenience of paid parking decks. We are just minutes from the Ballantyne Corporate Park right off of I-485. An initial domestic consultation with Kennedy Law Associates is a positive step toward creating a roadmap to a better future.

14835 Ballantyne Village Way, Suite 225
Charlotte, NC 28277

Phone: 704-512-0619
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