Prior to getting married, many North Carolina couples will agree to have a premarital agreement. This document can detail how various issues will be settled if the marriage does not work out and they decide to get a divorce. However, there might still be disputes,...
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Asset Division
What is unique about same-sex divorces?
Since becoming federally recognized, which forced all of the states to also recognize it, marriage equality has given rise to divorce equality. After all, it was always a matter of time before same-sex couples would start to see their marriages end like their...
Here’s what you need to know about hidden marital assets
The equitable division of marital assets during the divorce process is supposed to foster fairness. That’s why assets aren’t necessarily divided equally. While this gives you room to argue for your fair share of the marital estate, you may end up feeling cheated if...
What happens to insurance policies in a divorce?
When people in North Carolina are moving forward with divorce, they are no longer in lockstep with each other as they once were. In fact, even if they have children, they will be heading in opposite directions when it comes to property division. Divorce has a way of...
Billionaire investor John Paulson to divorce wife of 20 years
John Paulson accumulated one Wall of Street’s largest fortunes after betting against the US housing market in 2018. However, it now appears a large chunk of his estate could be heading out the door. The 65-year-old has filed for divorce from his wife of 20 years,...
Avoiding property division mistakes during a divorce
When a couple builds a life together, securing a lifelong union together through marriage, they rarely think about not being together. Nonetheless, couples in North Carolina and elsewhere decide to end their forever through divorce. No matter the reason for ending a...
Keeping the business out of divorce
It is a sad reality that almost half of all marriages end in divorce in the United States. For the spouse who runs a business or is a majority shareholder, a divorce proceeding can spell trouble if the business is drawn into the divorce settlement. Business owners who...
How to split your retirement plan when you get a divorce
North Carolina residents who are undergoing a divorce know that they will need to split up all of their marital assets. Most residents have a retirement account that they have contributed to during their marriage. Depending on the type of retirement account that you...
Common examples of separate property
In North Carolina, joint assets are distributed equitably in a final divorce settlement. If an item is considered to be a separate asset, whoever owns it at the time of the divorce is typically allowed to keep it. There are three common scenarios in which an asset...
How to protect separate assets in the event of divorce
In a North Carolina divorce, most assets acquired during the marriage will be divided in an equitable fashion. Generally speaking, you are also entitled to keep any items that you owned prior to getting married. However, there is a chance that a home, car, or bank...
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