Articles Tagged with Equitable Distribution

Board Certified Family Law Specialist Matt Arnold answers the question: “What happens when a person’s income is not guaranteed and fluctuates from year to year”.

Finances are among the issues that are most often areas of contention in divorce. Couples may agree on many things, but when it comes to money, the couple might disagree. North Carolina is a state that requires equitable distribution of assets. This simply means that the property, assets, and debts the couple have accumulated during marriage are to be divided between each party in a fair and equitable manner. Going through a divorce can be stressful and you will want to ensure that you get the assets that you deserve. An experienced North Carolina divorce attorney will assist you in obtaining a fair resolution.

Board Certified Family Law Specialist Matt Arnold answers the question: “How will the judge divide our property?”

Although there is a degree of nobility involved in pursuing a minimalist lifestyle that attempts to obtain as little debt and unnecessary living items as possible, the reality is that for many Americans, building wealth and accumulating different types of property is a lifelong goal.  When two people decide to get married, this decision often results in the combination of wealth and assets as they forge a path together. When the relationship sours and the couple decides to explore divorce, it can call into question what each spouse’s property ownership will look like in the future.

Board Certified Family Law Specialist Matt Arnold answers the question: “How will the judge divide our property?”

In North Carolina, residents take pride in their work. The money they earn in exchange for their time and skill allows them to build capital and make purchases and investments that can greatly enhance their quality of life, as well as that of their families. When couples decide to marry, joining finances allows them to build wealth on a greater scale. However, when these couples elect to file for divorce, questions about this wealth are certain to arise.

Board Certified Family Law Specialist Matt Arnold answers the question: ” I’m considering separating from my spouse; what actions should I refrain from doing?”

It is not uncommon for spouses who become “legally separated” to reconcile instead of filing for divorce. Under North Carolina law, a couple must be separated for one year and a day before they can seek a divorce.

Board Certified Family Law Specialist Matt Arnold answers the question: “How will the judge divide our property?”

In North Carolina, equitable distribution generally involves three main steps. The court conducts the three-step process when spouses file for divorce and cannot reach consensus on property division through negotiations.

Board Certified Family Law Specialist Matt Arnold answers the question: “What does uncontested divorce mean?”

As court proceedings in North Carolina were postponed until June 1, 2020, many North Carolinians are becoming increasingly frustrated about the inability to get divorced during the COVID-19 pandemic.

Board Certified Family Law Specialist Matt Arnold answers the question: “Who pays for the children’s health insurance and co-pays?”

Taxes should be considered when dealing with any family law-related issues such as alimony, child support, or equitable distribution. Getting divorced in 2020 can cause many tax surprising consequences.

Board Certified Family Law Specialist Matt Arnold answers the question: ” Is there some property that the judge cannot divide?”

Since Bitcoin and a plethora of other cryptocurrencies have become a crucial – and rather sizeable – investment and currency in many people’s lives, you may be wondering about the legality of cryptocurrencies and their role in North Carolina divorce settlements.

Board Certified Family Law Specialist Matt Arnold answers the question: “Do I need an attorney to get a Divorce in North Carolina?”

If you cannot afford a Charlotte divorce attorney, North Carolina’s court system has another option that does not require you to pay for legal representation. The North Carolina Judicial Branch has introduced the first-ever statewide “self-help packet” for those who cannot afford a lawyer or do not want to deal with attorneys. The packet provides an easier method for getting divorced by offering general guidance, according to The News-Herald.

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