A house is one of the biggest investments you make in life. Therefore, it goes without saying that a mortgage is one of the biggest financial responsibilities you will take on in your life. However, how will you handle the mortgage if you and your spouse face a...
Guiding families through all aspects of divorce in North Carolina
Property Division
Will spending money be considered “dissipation?”
What if your spouse were to empty your bank accounts in the process of a divorce? Or what if they accuse you of doing so? The dissipation of marital assets – such as draining or emptying accounts – is when someone squanders or hides assets to avoid a fair distribution...
Will you have to divide passive income too?
Working day-to-day at a regular full-time job was the primary way families earned money for decades. As times change, so have the ways you can earn money and support your family. In this day and age passive income options are becoming more popular. However, what could...
Don’t forget about these commonly overlooked assets
When thinking about dividing property, many people consider the most common, significant assets. This includes everything from their home to their bank account and their furniture to their vehicles. However, North Carolina law requires divorcing spouses to divide all...
Can debt lead to divorce?
Finances can certainly be a source of stress and conflict in a relationship. Therefore, it may not come as a surprise to hear that debt is one of the main factors that can cause the most strain on a couple. What may be surprising to hear is that many people believe...
This is separate property. But how can I prove it?
The prospect of dividing marital property can be one of the most stressful things about divorce. After years of accumulating assets, splitting them up requires careful thought and precise calculations. You know you only have to divide the property classified as...
Financing Your Future: Retirement and Divorce
When you enter the workforce, you usually start contributing to your employment-based retirement account. As you work, you build and add to your nest egg every year. If you contribute to the retirement account during your marriage, North Carolina law classifies it as...
How will I value my business during my divorce?
When facing a divorce, business owners often have one common worry. What will happen to their business? In most cases, a business is considered marital property in the event of a divorce, so spouses must divide the business assets according to North Carolina law. To...
What happens to stocks in the divorce?
According to U.S. News & World Report, nearly 53% of American families hold investments in the stock market nowadays. Some individuals purchase or trade stock on their own, while others might obtain stock investments through employment benefits. With more than...
How can I determine my home’s true value before a divorce?
Deciding what to do with the family home can be one of the most stressful aspects of a divorce. It is often the largest asset spouses share, and deciding which spouse will keep the home or whether to sell it can quickly become a contentious debate. Regardless of the...
