As we’ve discussed on the blog before, divorce does not only affect the young. Instead, the trend of baby boomers splitting continues to increase with about one in every four divorces happening with people over the age of 50. Divorce at this age presents challenged not likely to be encountered…
Family law judges in North Carolina apply the divorce concept of equitable distribution when it comes time to divide the property and debts between a divorcing couple. This means that the marital estate, assets and debts, are to be divided in an equitable manner. This means that the division of…
Divorce is a difficult process, emotionally and financially. Before you blindly step into the mess, there are steps you can take to empower yourself by getting your finances in order. Taking the following steps can help make things run more smoothly and even lower your eventual legal bills by being…
According to an article in the Chicago Tribune, North Carolina couples who are heading for divorce should be careful about texting because their heated words could be used against them later in court. According to statistics from the American Academy of Matrimonial Lawyers (AAML), many top divorce attorneys say they’ve…
Divorce is a process that can be mentally, emotionally and financially draining. While there’s not always much to be done about the mental and emotional pain, financial disaster can be mitigated with a little planning. The following are several tips by Angela Colley of BusinessInsider.com on how to prepare your…
According to a recent report on HuffingtonPost.com, a new study entitled “Divorce and Death” appearing in “Psychological Science” shows that failed marriages can actually kill at the same rate as cigarette smoking or obesity. The results of the study were shocking as the stark numbers showed that the risk of…
The common saying is “the seven year itch.” The theory being that around the seven year mark in a marriage, the couple is likely to become too comfortable and maybe even disenchanted with the relationship. Similarly, it may be that the rush of first being married has worn off. Or,…
Another North Carolina equitable distribution case appeal was ruled to be interlocutory by the North Carolina Court of Appeals in Williamson vs. Williamson. Here the North Carolina District Court Judge announced its decision from the bench – meaning the Judge stated the ruling in open Court. When the wife appealed…
The North Carolina Court of Appeals rendered a decision relating to equitable distribution. In the case of Bodie vs. Bodie, the plaintiff appealed an equitable distrubution order which indicated on its face that it was a final decision on the issue of equitable distribution. Importantly, alimony was still pending at…
According to Getting a Divorce? 5 Ways to Ensure It’s Not a Financial Disaster, the fourth bit of advice is to sell the house or other valuable assets if it is financially prudent to do so. Often times we will see people who want to hold on to the former…