Kennedy Law Associates

Posts tagged "Divorce"

Divorce plays a role for couples with student loan debts

In Charlotte, a marital dispute over money may cause an outburst of negative emotions for any married couple. A recent study conducted by Student Loan Hero discovered that 33 percent of people contemplating divorce believed lack of money was the main culprit. One out of eight students who participated in the study blamed their student loan debts for the divorce proceedings. The problem with student loans is that they equal large amounts of money. With the average student loan exceeding $34,000, it is no wonder that divorce is a natural outcome.

The risk of divorce seems higher among successful women

Many North Carolina women who would have been expected to remain home and raise children in past decades are choosing instead to enter the workforce and pursue careers, and virtually all sociologists think that this development is a positive one. However, several studies into the impact that income disparities can have on relationships reveal that successful women are far more likely to see their marriages end in divorce.

How spousal support is determined and collected

Spousal support is often one of the primary issues decided in a North Carolina divorce. However, it's usually one of the last points that gets settled in court. That's because the division of assets has a big impact on how much support an ex-spouse might need to maintain a decent standard of living. The final figure is often calculated using five different factors: the recipient spouse's needs, length of marriage, age/health, prior lifestyle and the ability of the payer spouse to pay.

Couples cite top reasons for divorce

When people in North Carolina get a divorce, it may be for one of three main reasons. According to some experts, growing apart, being unable to make up after fighting, and a psychological phenomenon known as "flooding" can all contribute to divorce.

The process of claiming a child as a dependent after divorce

Following a divorce in North Carolina, a child can be claimed as a dependent by only one parent per tax year. Ideally, exes will agree ahead of time on who gets to do this. Usually, it is the custodial parent. If the custodial parent wants to give the other parent the right to claim the child, this can be done with Form 8332. However, if parents disagree about who can make this claim, there could be problems.

Preparing for divorce later in life

The divorce rate for people who are 50 and over has substantially increased over the past few decades. Part of this increase may be attributed to people living longer and couples in second or third marriages that want to get divorced. Regardless of the reasons why older adults in North Carolina might wish to end their marriages, it is important that they are smart about how they get divorced so that they will not derail their abilities to retire.

Divorce and dividing the value of a business

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 receive what they are entitled to.

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Are quality legal services available in your Charlotte neighborhood? Yes, our offices are located in Ballantyne, so you do not need to fight traffic driving uptown or deal with the inconvenience of paid parking decks. We are just minutes from the Ballantyne Corporate Park right off of I-485. An initial domestic consultation with Kennedy Law Associates is a positive step toward creating a roadmap to a better future.

14835 Ballantyne Village Way, Suite 225
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