If you’re considering a divorce, you may have heard that it will ruin your credit rating. Is that true? It really depends on your situation. There is no official credit penalty for getting divorced, but there are divorce-related issues that can have an impact on your...
Will my North Carolina custody case involve mediation?
Most likely. Under North Carolina law, people who are involved in a child custody dispute, including one related to divorce, are required to attempt court-sponsored mediation before going before a judge. The only situations where mediation may not be required include:...
Help! My ex wants to move away with our kids
It is a serious issue, and it happens a lot. One parent wants to move a long distance away within the state or even out of state. This changes everything. The amount of time you will spend with your kids, the way holidays are managed, your ability to access your...
What happens during legal separation in North Carolina?
In order to get a divorce in North Carolina, you and your spouse must be legally separated for a whole year. All that is required to be legally separated is that you live apart from one another and that at least one of you has no intention of resuming the marriage....
To divide your retirement assets, you may need a QDRO
During the division of property in a divorce, it is sometimes necessary to divide up the couple’s shared retirement savings. But retirement accounts such as 401(k)s, 403(b)s and IRAs have tax consequences and penalties if you withdraw the money before retirement. Is...
