Articles Tagged with equitable settlement

7-1024x1024What is a Financial Disclosure in a North Carolina Divorce?

When a couple decides to end their marriage, they begin the divorce process. In North Carolina, a couple must live apart for at least a year before they may seek a no-fault divorce. A no-fault divorce is based on the fact that both parties agree that the marriage is over and cannot be saved. The next step is for couples to divide their assets and debts in a fair and equitable manner. Marital property is property that the couple has obtained during their marriage.

Financial Disclosure of Assets and Debts

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

Couples often have some secrets from each other. When they divorce, spouses may find that the other person has hidden funds or has kept purchases hidden. Financial infidelity can impact a marriage and subsequently, a divorce. Couples who are divorcing often disagree about the settlement terms and most often, about finances. If your spouse is hiding assets from you it is essential that you know about it during the divorce. In North Carolina, assets that a couple accumulates during the marriage belong to both parties and must be equitably distributed. An experienced North Carolina divorce attorney will help ensure that you receive a fair and equitable settlement.

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

Your home is your place of comfort and it is where you relax and enjoy life. It is also probably the most expensive asset you own, which can make it an area of contention during a divorce. In North Carolina, property is to be distributed in an equitable manner when a marriage dissolves. You cannot simply split the home in half, so what will happen to it once a divorce is finalized? Even couples who are getting along often find that the home causes some disagreement between parties. An experienced divorce attorney in North Carolina can assist you in resolving disputes and help you obtain an equitable settlement distribution.

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