Call 24/7: 704.370.2828 Tap Here To Call Us

Articles Tagged with real property

Financial Disclosure in North Carolina Divorce

Published on: February 16, 2022 | On behalf of Arnold & Smith, PLLC

Board Certified Family Law Specialist Matt Arnold answers the question: “What happens when a person’s income is not guaranteed and fluctuates from year to year”.

Finances are among the issues that are most often areas of contention in divorce. Couples may agree on many things, but when it comes to money, the couple might disagree. North Carolina is a state that requires equitable distribution of assets. This simply means that the property, assets, and debts the couple have accumulated during marriage are to be divided between each party in a fair and equitable manner. Going through a divorce can be stressful and you will want to ensure that you get the assets that you deserve. An experienced North Carolina divorce attorney will assist you in obtaining a fair resolution.

What Happens to My Bank Account After Divorce?

Published on: March 20, 2019 | On behalf of Arnold & Smith, PLLC

Board Certified Family Law Specialist Matt Arnold answers the question: “How will the judge divide our property?”

It is not uncommon for couples who get married to have a joint bank account. A joint bank account makes paying for shared expenses easier than having to go through two separate accounts. What happens to the funds in this account, however, in the event that a couple gets divorced? When a couple files for divorce, a judge will need to examine the money in the account to determine if it is joint property or the property of the individual.