Ending a marriage after several years together can be challenging, especially when it comes to property division. Long-term marriages often involve deeply intertwined finances, marital assets and questions about what is fair after many years of shared contributions....
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DIVORCE – Property Division
Dividing the family business in a divorce
For many couples, the family business is more than just an income source. It often represents years of hard work, sacrifice and shared effort. When divorce becomes a reality, deciding what to do with the business becomes a serious concern. It's a complex part of the...
Are 401(k)s at risk during a divorce?
Property division can be one of the most complicated and frustrating aspects of divorce. Unless spouses have a pre-existing agreement with one another, they have to negotiate financial matters during the divorce or wait for a judge to divide their property. Most...
How are debts handled during a divorce?
People who are going through a divorce have to split up all the assets they accumulated during the marriage, but the split doesn’t stop there. It’s also necessary to divide the debts from the marriage because they don’t go away simply because the marriage ended. ...
Should you keep the marital home?
One of the most pressing questions that people have to answer when they go through a divorce is what to do with the marital home. The home is often one of the largest marital assets, and it’s one that’s filled with emotional ties. Some people feel a strong desire to...
Should you consider liquidating assets in divorce?
Going through a divorce is a major life change that must be handled in a way that’s in your best interests. Throughout your marriage, you and your spouse had to think about how your decisions would affect the other person. Now that you’re going through a divorce, you...
Is an inheritance marital property?
When couples get divorced, one of the first things they do is separate their possessions into personal assets and marital assets. A marital asset is owned by both people, often because they purchased it or acquired it after they got married. A separate asset is...
Does adultery affect your property division in NC?
Many North Carolina spouses believe that cheating will change how courts split their property in divorce. The truth about infidelity's role in asset division often surprises people. Here's what you need to know about how marital wrongdoing affects your divorce...
Protecting your business during North Carolina divorce proceedings
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...
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...
