When two people in North Carolina get a divorce and a business is involved, the process of property division can become complex. Establishing a plan before getting married or when setting up the business can help eliminate this complexity and ensure that both people...
Divorce
Reasons to use a prenup for a second marriage
Some older people entering a second marriage in North Carolina might want to consider getting a prenuptial agreement. While this may not be necessary for people in their 20s who are going into a first marriage, people in their 50s and older likely have much more...
Divorce can disrupt college payment plans
When parents in North Carolina divorce, the decision to end their marriage can have a significant effect on their finances. One of the biggest financial expenditures that can accompany raising children is college or university tuition, especially with the rising cost...
Study finds infidelity, substance abuse among divorce factors
A lack of family support, differences over religion and infidelity are all factors that may lead to North Carolina couples ending their marriages. However, commitment was most frequently named as the factor that contributed to divorce in a survey of 52 people. The...
The growing popularity of divorce over 50
North Carolina is no exception to the nationwide trend: an increasing number of couples are choosing to divorce later in life. Indeed, over the past 25 years, the rate of divorce for Americans over 50 has grown by more than 100 percent. This change has come even as...
What a QDRO means for your retirement plan
Divorce sets even the best-laid plans asunder. Your retirement plan is no exception. When separating and continuing through to divorce, your plans for the future may seem up in the air. What will happen to the money you saved in your 401(k) and beyond?When dividing...
New tax laws may affect one’s finances after a divorce
North Carolina residents who are filing for divorce may be affected by tax law changes that go into effect on Jan. 1, 2019. These reforms will affect how alimony payments are taxed for newly divorced couples. Starting in the new year, alimony payments cannot be...
Your Blue Ridge cabin may complicate your divorce
During the happier times of your marriage, you loved packing up the car and heading to the Blue Ridge Mountains to spend some time in your cabin. Now that you are planning for a divorce, though, your vacation home could give you some serious headaches. As you...
3 reasons to be proactive about estate planning after divorce
During and after a divorce, there are many things you must consider. Initially, your concerns lie in the formalities of the actual proceedings, such as dividing assets and debts and constructing a parenting plan. Once the dust settles, you can begin getting other...
The role of a divorce coach
People in North Carolina may think of a coach as someone who helps an athlete, or they may be familiar with the concept of a life coach. Now, there are also divorce coaches who can help spouses through the difficult process of separation. While the job of an attorney...
