Older North Carolina couples may be more likely to get a divorce than younger couples. For people 65 and older, the divorce rate is three times higher than it was in the 1990s. Overall, divorce among older people is on the rise even though it is dropping among younger couples.
Early IRA distributions and what happens in a divorce
Some North Carolina residents may decide to start taking distributions on an IRA before reaching the age of 59 1/2. This normally incurs a 10% penalty, but there are certain circumstances in which it is permitted without the penalty. However, those penalties kick in again and become retroactive if the IRA is modified. If a couple decides to divorce and the IRA owner is getting these distributions, this could be considered a modification.
If your spouse is an addict, divorce may be your best option
Without a doubt, living with an addict is challenging to say the least. It more than likely impacts every aspect of your relationship. If you have children, one of your primary priorities is probably to protect them from your spouse's addiction and all that goes with it.
How some couples benefit from postnuptial agreements
Postnuptial agreements are becoming more popular among North Carolina spouses who want to protect their assets in case of a divorce. This legally binding document is similar to a prenuptial agreement, but the main difference is that it's signed during the marriage.
Creating a custody plan that is age-appropriate
Parents in North Carolina who decide to divorce may have to rapidly change their relationship with one another. It can be challenging to adapt to co-parenting for any divorcing couple, even those who have a relatively amicable understanding with their former partners. Co-parenting can require a great deal of patience and communication, but a solid parenting plan can help get things started in a positive direction. The approach to child custody and schedules can vary depending on how old the children were when the divorce took place, and the parenting plan can take that into account and plan for changes later.
