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Divorce Archives

Protecting finances from divorce

North Carolina residents can take steps before and during their marriage to protect their money. Even though it may seem somewhat callous to plan for a divorce, it is a sound financial move and can help secure a financial future if a divorce does occur.

Why people shouldn't seek revenge in a divorce case

North Carolina estranged spouses who believe that divorce will be a good measure of revenge may want to rethink their strategy. In most cases, revenge may feel good for a little while before causing people to needlessly think about their hurt and anger. By refraining from seeking revenge, it may be able to move past the reason an individual wanted to get back at a spouse in the first place.

How tax law changes impact future divorce cases

North Carolina residents and others who pay alimony have historically been able to write payments off as a tax deduction. Those who receive alimony payments generally have to claim it as income. However, this will no longer be the case starting in 2019. This has caused some concern that current methods of calculating alimony payments in a divorce are no longer reliable.

Contempt can lead to divorce

Some North Carolina spouses could eventually find themselves facing emotional issues in their marriages. If left to grow, a crisis may lead to divorce. While there are many emotions and behaviors that can negatively impact a marriage, contempt is a particularly dangerous one.

Preparing for a divorce

Couples in North Carolina who file for divorce in January are part a trend in which divorce filings tend to peak immediately after the new year. According to some estimates, one out of every five married couples contemplates whether to get a divorce when the holidays end. Those filing for a divorce may benefit from taking certain steps as they prepare to speak with a divorce attorney.

How divorce can impact credit

Even though a divorce might be a good option for some couples in North Carolina, there are some lingering effects it can have on each spouse's credit. The act of filing doesn't typically make a difference. After a few months, however, there will likely be noticeable changes for both parties involved.

Divorce later in life can carry costs

In North Carolina and across the United States, the divorce rate for people above the age of 50 has increased. Nationally, the rate of divorce for couples in this age group has escalated by 50 percent since 1987. One in four couples divorced after the age of 50; this can pose challenging and difficult questions for dealing with finances.

Business and divorce can be a complex combination

Ending a marriage in North Carolina is often a difficult, complicated and emotional time for both partners. However, the challenges can rise to another level when a personal or family business is at stake in the divorce, especially in the case of a successful company with a high financial value. Beyond its role as a significant financial asset, the business can be a point of professional and emotional importance for partners who are also entrepreneurs.

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