Divorce can be a challenging time, especially if you own a small or medium business. If you are going through a divorce in North Carolina, you might be afraid of how property division could affect your company's future. It is natural to feel concerned about your...
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DIVORCE – Property Division
How are retirement accounts divided in a divorce?
Dividing marital assets after a divorce can be complicated. You and your spouse may disagree on how to divide each asset, including retirement accounts. Generally, the law treats retirement accounts, like real estate and savings, as part of your marital assets and...
What are the benefits of a prenup during property division?
Divorce often brings complex challenges, especially when dividing property. However, a prenuptial agreement can make this process much smoother. It can help protect assets and reduce the risk of disputes. This blog will explore how prenuptial agreements benefit...
Dividing marital assets versus debts
Dissolving a long-term marriage in North Carolina is anything but easy. Those who experience a divorce often wonder if they will be able to keep the things that they worked so hard to obtain. When ending a marriage, spouses must embark on the task of dividing property...
Coming to agreements on contested assets amid divorce
When a marriage is broken and spouses are unhappy, a separation may be the best option. While spouses can easily agree to divorce and not live together, what happens to the things they worked hard to acquire during the marriage? Dividing marital property and assets is...
Cooperation can make property division easier
When couples first get married, they envision themselves being together forever and living happily ever after. Yet, in the real world, thousands of spouses in North Carolina get divorced every year. When a marriage ends, the property and assets that the couple...
How to know when a spouse is hiding assets
Some of the biggest arguments and disputes when ending a marriage revolve around money. In a North Carolina divorce, there are many factors that determine how property is divided and how much spousal or child support should be paid. To get a reasonable financial...
What does equitable distribution mean?
During a marriage, the assets and possessions that the spouses accumulate together are part of the marital estate. If the marriage ends, the marital estate must be divided. North Carolina follows the principle of equitable distribution when it comes to property...
Enabling a more efficient property division process
In marriage, two people become one legal entity. Spouses not only share love, affection and memories but also some assets and property. If spouses separate, dividing marital property can potentially be one of the most difficult and contentious parts of the divorce...
A prenup could simplify the property division process
Spouses in North Carolina who have been married for years may have amassed a significant amount of marital property. If the marriage ends, dividing marital property and assets can often be one of the most contentious and complicated parts of the divorce process....