If your marriage is ending, you probably have many things to take care of, not the least of which is realigning your standard of living with your new financial reality. No matter how comfortable you have been during your marriage, you are certain to face changes in...
High Asset Divorce
Divorce and the family business
North Carolina business owners who decide to divorce may face unique complications and concerns. In many cases, spouses worked together in a number of different ways to build a family business. Determining how to divide a business in an equitable way that satisfies...
How much are your antiques really worth?
As half of a North Carolina high-asset married couple, you and your spouse likely own some antiques that you’ve collected over the years or inherited from your respective family members. Should you divorce, you will need to value those antiques for purposes of...
What wealthy couples can learn about divorce from Jeff Bezos
There are steps that high-asset couples in North Carolina who are ending their marriage can take to make the process less difficult. The world's richest man, Jeff Bezos, exemplifies this in the statement he released with his wife about their impending divorce that...
What a QDRO means for your retirement plan
Divorce sets even the best-laid plans asunder. Your retirement plan is no exception. When separating and continuing through to divorce, your plans for the future may seem up in the air. What will happen to the money you saved in your 401(k) and beyond?When dividing...
Your Blue Ridge cabin may complicate your divorce
During the happier times of your marriage, you loved packing up the car and heading to the Blue Ridge Mountains to spend some time in your cabin. Now that you are planning for a divorce, though, your vacation home could give you some serious headaches. As you...
These assets are commonly neglected in divorce settlements
When you are getting divorced, one of the main things you go through is the property division process. This may be the most significant and consequential aspect of your divorce.You are probably prepared to divide the following assets:The family homeCarsBoatsBank...
Methods spouses use to hide property
Feeling as if your spouse is hiding money or assets from you can prove quite unnerving, and so, too, can losing trust in the person with whom you have shared a bed for some time now. Unfortunately, both situations are common among married couples, about half of whom...
How artwork is treated during a divorce
It is not unusual for discussions over property division to become contentious when couples in North Carolina and around the country file for divorce, and these negotiations can become especially heated when the assets involved include artwork on which it can be...
Divorce and startup entrepreneurs
People in North Carolina who are involved in tech startups might run into additional complications in a divorce. In recent years, the profession that tends to have most complex and high-asset divorces has shifted from medicine and law to tech. The long hours required...
Collecting social security while single
There may be negative emotions felt by North Carolina residents and others who have gotten divorced. However, there may be one positive for those who were married for 10 years or longer. That positive is the ability to potentially claim Social Security benefits based...
Tips for splitting a retirement account
Couples in North Carolina who are getting a divorce could run into complications if they need to divide a retirement account. There could be taxes and penalties if it not done correctly. For example, a couple needs a document known as a qualified domestic relations...