Divorce often has a negative financial effect on people, but this can be particularly true for a person in North Carolina who is a stay-at-home parent or for people who are divorcing late in life. For example, older individuals may want to revise powers of attorney that give a spouse medical and financial decision-making power in case of becoming incapacitated. They may also want to take steps to make sure the soon-to-be ex-spouse does not inherit property in case of death.
