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...
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...
North Carolina couples who plan to get married should consider the importance of completing a prenuptial agreement. The main purpose of the legal document is to verify how assets will be allocated if a marriage ends in divorce. In situations in which a married couple...
According to data from the Pew Research Center, older couples in North Carolina and the rest of the United States have been getting divorced at a rate that is twice what it was in the 1900s. People over the age of 50 and who are near retirement will find it...
When you are getting divorced, one of the main things you go through is the property division process. This may be the most significant and consequential aspect of your divorce.You are probably prepared to divide the following assets:The family homeCarsBoatsBank...
Feeling as if your spouse is hiding money or assets from you can prove quite unnerving, and so, too, can losing trust in the person with whom you have shared a bed for some time now. Unfortunately, both situations are common among married couples, about half of whom...
A qualified domestic relations order is a document that allows divorcing couples to split a 401(k) account or a pension plan without paying high taxes and penalties. Usually, an attorney will prepare a QDRO in accordance with a plan administrator's instructions...
For North Carolina couples who are going through a divorce, the financial aspects can be particularly worrisome. This is especially the case when the property of the marriage includes a family business that can be difficult to split up using a standard asset division...
Retirement accounts may be an individual's largest asset. Therefore, these accounts may become a point of contention during a divorce in North Carolina or anywhere else in America. As a general rule, it is a complex process to divide a 401k or other employer-sponsored...
With all the steps that go into planning for an upcoming wedding and marriage, it can be easy to get caught up in the excitement of it all and leave some of the more mundane tasks until later. While you may be tempted to put off drafting a prenuptial agreement, it is...