marital finances

What is a Financial Disclosure in a North Carolina Divorce?

Published on: February 7, 2024 | On behalf of Arnold & Smith, PLLC

What 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

What is Financial Infidelity?

Published on: March 2, 2022 | On behalf of Arnold & Smith, PLLC

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.

Things to Consider Before Entering Into a Prenuptial Agreement

Published on: August 28, 2019 | On behalf of Arnold & Smith, PLLC

Board Certified Family Law Specialist Matt Arnold answers the question: “What does a “No-Fault’ divorce mean in NC?”

You work hard and have achieved your desired level of success. It is understandable that you would want to protect your assets. For many, the decision to enter into a prenuptial agreement is not an easy one. In addition to shielding what you have from spousal acquisition, you have to consider the feelings of your significant other. How will he or she react? Will your soon-to-be spouse be offended at the suggestion? Discussing the matter frankly and openly has the potential to cause unwanted turmoil in your relationship.