Raleigh Divorce Law Firm
Get help resolving family law issues now. Call for a consultation:

PLEASE NOTE: Our office is open for business as usual but in these unprecedented times, the team at Raleigh Divorce Law Firm is taking proactive steps to protect our team, clients and colleagues as well as do our part to help slow the spread of COVID-19. We have taken measures to limit the number of people physically in the office and have been working with clients to handle meetings by phone and utilize other technological methods to communicate when necessary. Our office location does not share space with any other businesses so there is a limited amount of traffic in and out of the office. We sanitize our conference rooms after each use so they are clean and ready for the next client.

There are currently courthouse policies state-wide that involve the postponing of trial dates within the next thirty days and we are working diligently to make sure our existing clients are notified about this and to reschedule any affected court dates. We continue to remain committed to providing quality legal services. Our phone and computer systems have the ability to operate remotely, should that become necessary at any point in the future. Additionally, we utilize a secure network and have an IT team dedicated to protecting our client’s privacy and security while allowing our attorneys, paralegals, and staff the opportunity to work from home if needed.

If you are a current client of the firm or a prospective client, please be assured that we continue to have the ability to effectively represent you. Please feel free to call or email us anytime, and we will continue to be available to serve your needs.

Getting divorced? Don't make these property division mistakes

Financial security and stability can be difficult to regain in the aftermath of a divorce. People are living on less household income; they have legal and living expenses they didn't have before; the costs of paying for credit cards, car payments and healthcare can increase significantly.

Because of all the financial obligations that may fall on you after divorce, it is important to secure a fair settlement. However, in order to do this, you need to avoid some costly missteps during the property division process.

Hiding assets

Whether you are tempted to hide assets out of fear or anger, doing so can be a big mistake. During a divorce, you sign legal documentation verifying the accuracy of your financial information; if you lie on that documentation, you can face steep legal and financial penalties. 

Being unprepared

In many marriages, one person tends to take over the management of finances. If that was not you, then you need to familiarize yourself with your marital estate. Review your tax payments over the years, review your bank records and get a thorough picture of your marital expenditures. Being prepared and informed can level the playing field and make it easier to negotiate a settlement.

Having unrealistic expectations

Do not expect to walk away from your divorce with everything while your ex gets nothing, or vice versa. In North Carolina, the courts comply with equitable distribution laws, meaning your marital assets will be divided in a manner deemed equitable, or fair. In many cases, this division is roughly 50/50. If you start the process expecting 100 percent of your estate, then it can take you much longer to get to a place where negotiations can be effective.

Assuming you have to know everything

The property division element of divorce is overwhelming, from valuing property to negotiating the division of complex assets. But before you assume you have to figure this out all on your own, remember that you can work with financial professionals who have skills and experience in this area that you may not have. You can also work with an attorney who can help you exit a divorce with the settlement you deserve.

No Comments

Leave a comment
Comment Information

Schedule A Consult

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Email Us For A Response

8341 Bandford Way, Suite 1
Raleigh, NC 27615

Phone: 919-256-3970
Fax: 919-256-3971
Raleigh Law Office Map