If you are going through a divorce, you should be informed about relevant terms to avoid costly mistakes. And one of them is “marital property.” So, what is considered marital property? Property subject to division As the name suggests, marital property is any asset...
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Divorce
Tips for making co-parenting a little easier
Co-parenting can be challenging, but with the right approach, it becomes a manageable and beneficial experience for both parents and children. Effective co-parenting is grounded in a commitment to open communication. Implementing specific strategies can...
What are the roles of a Guardian Ad Litem in a custody case?
Navigating a custody battle is a challenging and emotionally charged process, where the role of a Guardian Ad Litem (GAL) becomes pivotal. A GAL is appointed by the court to represent the best interests of the child or children involved. This unbiased third party...
3 conditions that could prompt a court to modify a custody order
The 'best interests of the child' means there is a focus on the child's overall well-being in making custody decisions. If a custody arrangement is not working, families in North Carolina can request a modification. Courts, however, do not rapidly change these...
How a premarital home purchase could factor into a divorce
Divorce proceedings in North Carolina involve dividing assets. If you bought a house before you got married, you might wonder if this property will be part of the assets to divide in your divorce. The process of dividing property may feel complicated during a divorce,...
Steps for surviving the immediate financial burden of a divorce
Few people enter a marriage thinking about the future potential for a divorce. If they did, more couples would sign prenuptial agreements. If you believe a divorce is imminent or the marriage starts to falter, you can take steps to protect yourself and still get a...
Financial professionals you may want on your divorce team
When your North Carolina marriage runs its course, you may worry about maintaining your current lifestyle, having enough socked away for retirement and otherwise having your financial ducks in a row. A divorce may have a significant impact on your current finances and...
How are assets and divorce matters intertwined?
Many people dread the asset division part of divorce more than almost any other part, and for good reason. It is a sometimes complicated and highly stressful part of the process, after all. But what about assets intertwine them so fully within divorce matters? How do...
What are separate and community properties?
Separate and community properties are terms that anyone involved in a divorce should have some awareness of. What are these types of properties and how exactly do they relate to divorces? Understanding community and separate properties The Business Professor discusses...
Is joint custody a reasonable option?
When divorcing parents have to decide on a custody arrangement, there are plenty of options to look through. Joint custody has long been one of the most popular options, and it is becoming the default option in many states. The benefits of joint custody According to...