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February 2020 Archives

Art collection at stake in major divorces

When people who have developed extensive and valuable collections of art, real estate or other items decide to divorce, the fate of these assets may hang in the balance. High-profile couples in the real estate and art world have moved toward divorce, leading to hundreds of millions of dollars of prized art pieces at stake. One divorce between two major real estate investors involves $800 million of art while another pair of collectors' hundreds of millions in art has led to serious delays in finalizing the end of their marriage. In the latter case, the couple remains far apart on reaching a settlement on property division.

Divorce rate among couples over 50 is increasing, study says

Though the rate of divorce has declined over the past two decades, studies have shown that separations among couples over the age of 50 are on the rise. In the United States, for example, the rate of 'gray divorces" has doubled between 1990 and 2010. Couples are getting divorced at older ages despite the possible difficulty associated with splitting a larger number of assets (which, in North Carolina, must be equitably distributed).

The difficulties of choosing to co-parent after a divorce

One of the most difficult aspects of any divorce is deciding how to address child custody. This is an emotionally charged issue, and North Carolina parents sometimes decide that sharing custody is what will work best for their unique family situation. Co-parenting is a popular option, but there some things you may want to consider before moving forward with this choice.

Will your divorce affect your taxes?

If you and your spouse are nearing divorce, you are probably already trying to figure out what your future will look like. You will undoubtedly have many concerns about your finances, and this is common. Even if your marriage lasted only a few years, you may have been used to living off two incomes and sharing the expenses of the household. Now, you will be handling these things on your own.

The reasons women file for divorce

The typical scenario that often comes to mind when divorce is mentioned is that of a middle-aged woman being left by her husband for a younger woman. However, in over 70% of cases, it's actually women who file for divorce. Women in North Carolina give many reasons for filing for divorce, but they usually fall into one of a few broad categories.

How to help kids deal with a divorce

Parents in North Carolina and throughout the country who choose to get divorced may worry about the impact it could have on their children. Fortunately, there are steps that can be taken to help a child understand what is happening and process it in a healthy manner. Ideally, a child will be allowed to have a relationship with both parents without feeling a need to choose between them.

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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
Phone: 704-369-5600
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