Active military personnel and veterans who are non-married parents are required to provide child support for children still legally considered minors. The rules that apply to military personnel are not meant to override existing North Carolina child support guidelines. The purpose of these added regulations is to ensure financial obligations are met even if a legal agreement has not been worked out.
According to the American Psychological Association, up to 50% of couples throughout America will get divorced. Divorced couples who had children together will still need to provide for them both emotionally and financially. Therefore, it is important that North Carolina parents work together to create a financial plan that preserves a child's best interests. Fortunately, the framework for such a plan is generally included as part of a divorce decree.
Millennial spouses are more likely to have separate bank accounts than couples from previous generations, according to a Bank of America survey. While some may think that separating finances will help protect property in case of a divorce, this is not always the case. Most assets earned after the wedding will be considered shared property.