Last week, we posted about hopelessness as a predictor of divorce. We discussed how hopeless feelings sometimes stem from unrealistic expectations in a marriage.
This article seeks to prevent such feelings, by outlining ways to set—and adjust—expectations in your partnership. When both members of a partnership understand what to reasonably expect of the other—and are committed to fulfilling the other’s expectations—the relationship is on firmer ground from the start.
You’re probably familiar with the term “forensic” as it relates to crime. It’s a word used often in television shows and movies. You may be less familiar with how forensic science relates to divorce, but it can be a valuable tool for examining assets and financial accounts.
If your situation warrants it, a forensic accountant could help uncover valuable information when dividing property.
The cause of a marriage heading south isn't always clear. Maybe there was a breach of trust. Perhaps it feels like the two of you have nothing in common anymore. Or you may just have a gut feeling that something feels off--disconnected--and you don't know how to make it better.
When a marriage is on a downward trajectory, it doesn't necessarily mean that the end of the relationship is in sight. However, there is one powerful factor that greatly increases your chances of divorce.
In the new world of social media, the law doesn’t need to request you as a friend. Social media is discoverable and can be used as evidence in a court of law. Updating your privacy settings cannot keep the law out. In a recent survey, 52 percent of lawyers interviewed said they had seen a rise in cases involving information on social media platforms.
Before you delete anything, get some counsel
Traditionally, establishing a joint bank account with your spouse when you get married has been seen as a sign of trust. Conversely, drafting a prenuptial agreement with your betrothed has typically been viewed as a lack of confidence in the relationship. However, millennials are turning these long-standing notions on their head.
A new generation of newlyweds is bringing a fresh set of rules to the construct of marriage. In a previous article, we discussed the growing tendency of millennials—more than any other generation—to establish prenuptial agreements. In today’s post, we examine why millennial couples are increasingly opting for separate bank accounts.
Getting married is any exciting time for any couple. You’re deeply in love, and you’re embarking on a new chapter of your lives together. It seems like you’re floating on air, and every day seems like a new adventure.
In this heightened state, it may be easy to jump into marital decisions without fully considering their implications. However, there are certain common newlywed decisions that can actually set you up for failure right from the start:
We recently posted an article on the implications of the Tax Cuts and Jobs Act on alimony—and how this change in the law may affect divorcing couples. Starting in 2019, the considerable tax break that alimony payers previously enjoyed will be repealed. Alimony will no longer be tax deductible, which will likely leave alimony recipients with less money each month.
While much attention has been focused on the effects this change will have on couples going through a divorce after 2018, it’s also worthwhile to consider what this new tax law will mean for couples with existing prenuptial agreements.
State laws surrounding divorce vary widely across the country, and are often open to change. Federal laws affecting divorce, on the other hand, are comparatively stable. However, there is one new federal law that stands to have a major impact on divorcing couples nationwide.
The passing of the Tax Cuts and Jobs Act (TCJA) at the end of last year made many significant changes to the tax landscape. One important change—which will go into effect in 2019—has severe implications on alimony. Experts predict that couples intending part ways may push to finalize their divorce before the end of the year—in order to avoid the consequences of the new tax law.
Keeping up with children is hard. With kids now returning to school, knowing what supplies to buy and what fashion statements to avoid is a challenge for every parent. When a family has divorced, there are extra challenges looming. Co-parents need to agree on budget, timing, schedules and more.
The concept of property division can seem simple and straightforward. A couple decides to divorce, and they must divide their property. Something that sounds so easy in theory, however can be challenging in practice.
Dividing assets is one of the key issues in a divorce, and the outcome can have a significant impact on your financial future. There are some key terms and North Carolina laws you should know about how property is divided as part of a divorce.
Lancaster and St. Louis, PLLC
891 Central Drive NW
Concord,
NC
28027
Phone:
704-743-4204
Fax:
704-792-1279
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