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...
Marital Property Division
Business ownership can complicate property division
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...
How to properly divide a retirement account in a divorce
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...
Why everyone should have a prenuptial agreement
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...
If I am marrying my ‘one’ do I need a prenuptial agreement?
In the song "Home Life" John Mayer insists that "I can tell you this much, I will marry just once and if it doesn't work out, give her half of my stuff. It's fine with me - we said eternity." If you are getting married to your one-and-only, you may feel much the same...
Is a prenuptial agreement right for you?
Prenuptial agreements are frowned upon by some as a too-practical intrusion into what should be a romantic lead up to marriage. Some, however, see prenups differently: as a means of clearing the air so that both parties can enter into marriage without nagging...
Three ways divorce can affect a business partnership
Divorce is hard enough when it's just two spouses dividing assets from a marriage. But when one of the former spouses is a partner in a small business, things can get complicated for the business partner, as well. Here are three ways that a divorce can create ripple...
How are businesses divided during divorce?
If an individual owns a business or company, one of his or her first questions as the divorce starts is: how will the business be divided and how much of the company will be granted to my spouse?This is a complex process requiring skilled legal guidance - and...
Protect yourself with a prenup
Prenuptial agreements (also known as "premarital agreements" or simply "prenups") often get a bad rap. They are sometimes seen as a way for a much wealthier spouse to unfairly shield assets from a poorer spouse in the event of a divorce. In this way they are viewed...