On behalf of Lancaster and St. Louis, PLLC | Oct 5, 2018 | Firm News, property division
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,...
On behalf of Lancaster and St. Louis, PLLC | Sep 21, 2018 | Firm News, property division
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 Starting in 2019, the considerable tax break that alimony payers previously enjoyed will be repealed.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...
On behalf of Lancaster and St. Louis, PLLC | Jan 25, 2018 | Firm News, property division
The millennial generation—the subset of the population born between 1981 and 1997—is approaching marriage differently than in previous generations. It’s preparing for the possibility of divorce. Recent years have seen a spike in prenuptial agreements...
On behalf of Lancaster and St. Louis, PLLC | Jan 16, 2018 | Firm News, property division
You’ve probably heard of a prenuptial agreement—a contract a couple makes prior to wedding that defines the way in which property will be distributed in the event of a divorce. Many people have preconceived notions about such an agreement, believing it...
On behalf of Lancaster and St. Louis, PLLC | Jan 5, 2018 | Firm News, property division
In a previous post, we talked about the requirements of receiving equitable distribution in your divorce. One factor that can help you avoid equitable distribution in North Carolina is if you and your spouse have a valid property agreement in place. A property...
On behalf of Lancaster and St. Louis, PLLC | Dec 12, 2017 | Firm News, property division
In North Carolina, divorcing couples have a right to “equitable distribution” of property. Equitable distribution refers to a court-ordered division of property between spouses that is considered “fair”—which often, but not always,...
On behalf of Lancaster and St. Louis, PLLC | Nov 21, 2017 | Firm News, property division
Divorce involves the dividing of shared property when two people no longer wish to be married. Historically, the court has lumped pets into this category of “property”, which means you could risk losing them in a divorce—just like your house or car. For pet owners who...
On behalf of Lancaster and St. Louis, PLLC | Sep 15, 2017 | Firm News, property division
Dividing marital assets is unavoidable in any North Carolina divorce. That being said, you can and should take steps to protect the assets you value most, which could include your 401(k). Depending on your age and employment background, you may have a 401(k) to which...
On behalf of Lancaster and St. Louis, PLLC | Sep 7, 2017 | Firm News, property division
The idea of having to divide your assets and property can seem daunting and overwhelming. This can be especially true with regard to valuing your assets and property, which can be contentious, confusing and tedious. However, if you keep a few tips in mind as you...
On behalf of Lancaster and St. Louis, PLLC | Jul 17, 2017 | Firm News, property division
Dividing assets can be one of the most painful, contentious steps in your divorce. Despite this, many people make the mistake of oversimplifying this process, especially when the assets involved are modest. Unfortunately, disputes can and do arise during the...
