Divorce can bring about major financial changes for people in North Carolina. In many marriages, one partner has a much higher level of control over and understanding of family finances than does the other. In most cases, the husband has greater control over finances, but this can vary from couple to couple. What this can mean is that the other party is disadvantaged when it comes time to file for divorce, especially if he or she knows little about the marital assets that would be divided as part of a settlement.
If you have children, your divorce will not represent the final contact you have with your future former spouse. Indeed, you will always have a connection through your children. If you are like other North Carolina parents, you want to do what you can to make that contact as conflict-free as possible, for everyone's sake.
In Charlotte, a marital dispute over money may cause an outburst of negative emotions for any married couple. A recent study conducted by Student Loan Hero discovered that 33 percent of people contemplating divorce believed lack of money was the main culprit. One out of eight students who participated in the study blamed their student loan debts for the divorce proceedings. The problem with student loans is that they equal large amounts of money. With the average student loan exceeding $34,000, it is no wonder that divorce is a natural outcome.
Many North Carolina women who would have been expected to remain home and raise children in past decades are choosing instead to enter the workforce and pursue careers, and virtually all sociologists think that this development is a positive one. However, several studies into the impact that income disparities can have on relationships reveal that successful women are far more likely to see their marriages end in divorce.
People in North Carolina who are getting a divorce and who expect to pay spousal or child support might wonder how courts calculate what that payment will be. A court will generally look at all sources of income and make a decision that is intended to keep the family at a lifestyle level similar to the one they had during the marriage.
Some North Carolina couples may suffer a drop in their credit ratings after they end their marriage. This can happen because of the strain of living on a single income or because joint debt is not paid off after the divorce.