Family businesses are very common. Some are side jobs that people do while working in another field, but many are full-time operations that pay the bills. A lot of today’s major corporations started as family businesses. What if you’re running a family business with...
Marital Property Division
How is the value of art assessed during a divorce?
If you are getting a divorce and are an artist or collect art, now is the right to time get an appraiser to work with you and your attorney. An art appraiser is the only professional who can accurately place a value on a piece of artwork. While two appraisers may not...
A receivership can protect valuable property in a divorce
People don’t always act appropriately or even legally when they’re going through a divorce. Some spouses will do anything to hold on to an asset. Others will do whatever they can to keep their spouse from getting it – even if it means depleting it or letting it be...
Make sure your spouse is not hiding assets in your divorce
One of the tasks in any divorce is to divide your property. North Carolina law considers the majority of assets acquired during the marriage to be marital property. They need to be divided equitably. If your partner has tried to hide some of those assets, you could...
Is that marital asset really ‘your’ property? (Maybe not)
Dividing marital assets can get complicated. People sometimes argue over who should get which assets, even when an outsider would clearly note that they both have a right to those assets. In some cases, the issue is the way that people think of these assets versus the...
How long were you together before getting married?
Same-sex couples in 2020 have a potentially unique situation. While same-sex marriage was legal in some parts of the country, the blanket changes to the law that made it legal everywhere did not happen until 2015. They can now get married just like opposite-sex...
One key tip for asking for a prenup
If you want to ask for a prenup so that you know how your assets are going to get divided, you may feel nervous. People often think of prenuptial agreements as something selfish or at least self-serving, which isn't exactly the mood you want to set before your...
Marital property may not be what you think
Divorce can mean a fresh start in a lot of important ways. It allows people to forge their own paths after a period of time with a partner, and it offers a chance to heal from emotional trauma. In many divorce cases, one spouse may feel the desire to give up some of...
Dividing marital assets does not have to be a nightmare
When you love someone for a long time, there are no possessions in the world you would trade for her or his happiness. But that can feel like a hollow sentiment if the time comes to get a divorce. A separation after people have combined their assets can be complicated...
A spouse’s own property stays that way in a divorce
Earlier in history, many people may have stuck it out in a bad marriage because they did not want to lose prized possessions in a divorce. This was especially true if the stakes included a family estate or a great amount of treasure that one hoped to pass to one's...