If you have been thinking about divorce for a long time, it may feel like the days or weeks leading up to the end of the process may last forever. No one wants an extra delay thrown in unless it results in a better or more amicable split of property or child custody.
Old marriage vows include the phrase "until death do us part," but life can go on after a marriage is over. Even when those words were more popular, there were already ways to end a marriage in the eyes of the law or religious authorities. Fortunately, it is easier and less expensive to secure a divorce when one or both spouses feel the need for it.
Many parents and spiritual leaders will tell you that, of all the major decisions one ends up making in life, the right partner is the most important choice of all. The proper spouse will make success in life and parenting far easier, while the wrong match can lead to heartache and despair for more than just the unhappy couple.
One issue North Carolina couples who are divorcing may need to deal with is ensuring that there is sufficient life insurance in place. This may seem like a technicality, particularly for younger people, but an unexpected death can happen at any age, and it can significantly affect agreements regarding property division, alimony and child support.
North Carolina couples who are getting a divorce may initially hope to reach an agreement on property division and child custody through negotiation. However, in some cases, they may be struggling to agree, or one spouse may simply be uncooperative. The decision of whether to settle or go to court can be a difficult one.
Though the rate of divorce has declined over the past two decades, studies have shown that separations among couples over the age of 50 are on the rise. In the United States, for example, the rate of 'gray divorces" has doubled between 1990 and 2010. Couples are getting divorced at older ages despite the possible difficulty associated with splitting a larger number of assets (which, in North Carolina, must be equitably distributed).
The typical scenario that often comes to mind when divorce is mentioned is that of a middle-aged woman being left by her husband for a younger woman. However, in over 70% of cases, it's actually women who file for divorce. Women in North Carolina give many reasons for filing for divorce, but they usually fall into one of a few broad categories.
Parents in North Carolina and throughout the country who choose to get divorced may worry about the impact it could have on their children. Fortunately, there are steps that can be taken to help a child understand what is happening and process it in a healthy manner. Ideally, a child will be allowed to have a relationship with both parents without feeling a need to choose between them.
Older North Carolina couples may be more likely to get a divorce than younger couples. For people 65 and older, the divorce rate is three times higher than it was in the 1990s. Overall, divorce among older people is on the rise even though it is dropping among younger couples.
Some North Carolina residents may decide to start taking distributions on an IRA before reaching the age of 59 1/2. This normally incurs a 10% penalty, but there are certain circumstances in which it is permitted without the penalty. However, those penalties kick in again and become retroactive if the IRA is modified. If a couple decides to divorce and the IRA owner is getting these distributions, this could be considered a modification.