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Assets, debts and other financial considerations in divorce

People in North Carolina who are getting a divorce will need to take some financial issues into account. In addition to an attorney, they may also want to work with a financial professional, such as a certified divorce financial analyst, to help guide them through some of the more complex aspects of property division.

Divorced households often struggle during retirement

Divorced households in North Carolina and around the country have about 30 percent lower net worth than married households according to a study from the Center for Retirement Research, and they are also are less likely to have enough money to live comfortably during retirement. The study, which is based on data gathered from the U.S. Federal Reserve's Survey of Consumer Data, was published online in June.

Including inherited IRAs in divorce property division

Dealing with property division can be a major concern when North Carolina couples decide to divorce. The asset division process that accompanies the end of a marriage can lead to substantial changes in both parties' standard of living or the loss of certain long-time assets. Some of the most significant types of accounts typically divided in a divorce are retirement funds. While property division is complex for couples of all ages and means, it can be particularly so when a couple has been married for many years or has substantial amounts of property to divide.

How can I leave an abusive relationship when I have no money?

Often times abusers will control their partner's finances to keep them from leaving the relationship. Luckily that doesn't have to be the case. Many women escape abusive relationships without money by creating a plan and reaching out to the others for help - and you can too.

Video: FAQ: Do you need a separation agreement? | Hardin Law Firm PLLC

Although you may no longer want to live with your soon-to-be former spouse, communication is still needed. In fact, couples that can reach agreement without the court's involvement will be able to save themselves both time and money.

Video: FAQ: Victoria Hardin seeks positive results for clients

In a divorce, there may be different ways to measure a positive result. For example, sparing minor children from additional upset might be a goal common to both parents. Toward that end, our law firm might recommend negotiations outside of the court's involvement, but with each party's attorney present. Instead of courtroom litigation, a couple could mutually work toward resolution of issues like property division, child custody and visitation, and alimony. 

If you need a protective order, you need an attorney

Marriages end for a variety of reasons. Sometimes, in an amicable separation, both parties can agree to mediation or an uncontested divorce, eschewing the need for attorneys. If there has been a history of physical, emotional, financial or sexual abuse in your marriage, the best way to protect yourself is to hire an experienced divorce attorney. He or she understands what evidence helps, as well as the hearings and filings required to obtain a protective order.

Domestic violence and divorce: How protective orders can help

Divorce is difficult in the best of times, but if a divorce occurs in a marriage already burdened with domestic abuse, the process can be dangerous and drawn-out in court. Unless there is a clear history of provable abuse (through medical or law enforcement records), the spouse who was victimized may have a difficult time during court proceedings. Working with an experienced family law attorney and seeking a protective order to prevent further abuse or harassment during the divorce proceedings are great ways to minimize the anxiety the divorce process may cause.

Video: FAQ: One Year Separation in North Carolina | Hardin Law Firm PLLC

Media accounts of celebrity divorces may give the impression that the process is as simple as filing a document with the court. In North Carolina, however, the no-fault divorce statute does not work that way.

Video: FAQ: One year separation in North Carolina | Hardin Law Firm PLLC

Media coverage of celebrity divorces, the national divorce rate or procedures like a no-fault divorce filing may create false assumptions about the ease of getting a divorce. North Carolina couples, in particular, may be shocked to learn that a one-year separation is required before filing for divorce.

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Hardin Law Firm PLLC

Hardin Law Firm PLLC
1314 Raeford Road, Suite D
Fayetteville, NC 28305

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