When North Carolina couples end their marriage, dividing up the assets and dealing with financial matters can be the most contentious and difficult parts of the divorce. This can be especially true for retirement funds, which often are the largest single financial...
Art work valuation is contentious in high-profile divorces
High-profile divorces across North Carolina and the rest of the country are encountering a growing area of conflict regarding asset valuation: art. Works of art have been skyrocketing in value in recent years. This has complicated property division in divorce cases...
Selling a home can accompany divorce
For people in North Carolina and across the United States, divorce can lead to an array of financial stresses and major life changes. One of these changes can include the selling of the marital home in order to divide the value of the proceeds accurately among the...
Refinancing a home after divorce
A couple in North Carolina who is getting a divorce may need to divide their house. In many cases, this will require refinancing. Refinancing is usually necessary to remove one person from the mortgage. Otherwise, that spouse could remain responsible for the home...
Dividing assets fairly in a divorce
North Carolina couples who are getting a divorce can avoid some common financial mistakes. One of those may be keeping the home in exchange for a more liquid asset of equal value. In looking at the value, people may fail to account for the cost of maintaining the...
Car insurance after a divorce
North Carolina couples who are getting a divorce will likely have to untangle many joint assets. If a couple has a shared car insurance policy, this is one more thing to be separated.Car insurance is usually one of the last things handled in a divorce, and one person...
Dealing with the family home when a couple gets divorced
One of the first questions many North Carolina residents have when they start the divorce process is about what will happen to the marital home. In some cases, a person may want to retain ownership of the home, especially if there are kids involved and this can help...
Penalties and taxes in dividing a retirement account
Some North Carolina couples who are getting a divorce may have a retirement account that needs to be divided. This might require a document called a Qualified Domestic Relations Order. Dividing a retirement account may incur taxes and fees, and people may consult a...
Can trusts act as financial protection for inherited wealth?
When a couple gets married, they always hope that the union will be forever. However, as many North Carolina residents know, some marriages end in divorce, which leads to questions about marital property and division of wealth. In cases where one of the spouses has...
Avoiding divorce pitfalls with the marital home
When North Carolina couples decide to divorce, they will need to think about how they will handle their marital home. If people are not careful, they may end up making mistakes that could cost them lots of money.There will be a few options for dealing with the issue....