Separation & Divorce
Marital relationships may take years to completely unravel. Spouses often make the final break after many unsuccessful attempts to salvage their marriage. Yet most people are surprisingly unprepared when the inevitable separation occurs. The decisions that you make during the divorce process can have serious and long-term consequences. Therefore, it is crucial that you make rational and informed decisions. The following are five tips to help you survive the emotional, financial, and legal realities of…
When spouses separate, there may be many legal issues that arise in connection with their marital separation, including child custody, child support, spousal support, and equitable distribution of marital property and debts, as well as the actual “absolute” divorce. Divorcing spouses often look for ways to reduce their legal expenses and may wonder if they can use one attorney to prepare their separation agreement and/or obtain their divorce. In North Carolina, the answer is “no.”…
[vc_row][vc_column][vc_column_text]When alimony is paid pursuant to the terms of an order entered by a North Carolina Court, then North Carolina law governs the conditions under which the alimony terminates. Under North Carolina law, alimony shall terminate upon the first to occur of the following: (1) the date, time period, or circumstances specified by the court in its order, (2) the death of either the supporting spouse or the dependent spouse; (3) the dependent spouse’s remarriage;…
In today’s world, websites and modern technology, such as email, instant messaging, and texting, provide a means for cheaters to establish and maintain extramarital relationships with a greater degree of secrecy from unsuspecting spouses. Thus, it is not surprising that there are websites, such as AshleyMadison.com, that are designed to connect married people who want to have an affair. AshleyMadison.com promotes infidelity through its website and blog posts and uses the tagline: “Life is short.…
In North Carolina, the court ordered or agreed-upon division of assets and debts that occurs when spouses separate is called equitable distribution. For purposes of equitable distribution, the parties’ marital assets and debts are valued as of the date of separation. The value of property is determined based upon the fair market value. Fair market value is considered an estimate of the amount in which a willing buyer would pay, and a willing seller would…