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December 2013 Archives

Financial tips to lessen the pain of divorce

In recent decades, divorce rates have plummeted in North Carolina and across the country. But 25 percent of those couples separated before their 10th anniversary and 10 percent didn't even make it to their 5th. The Wall Street Journal has noted a spike in divorce or breakups by people over 50. Most couples getting divorced at any age don't understand that a breakup will require them to face seriously complicated financial problems in today's economy, and each couple usually has competing interests. Couples could protect themselves by getting financially educated.

January is divorce month

In North Carolina, many individuals in troubled marriages make the decision to finally end things after the New Year. It has become so common for people across the nation to divorce during this time that January is called divorce month. There are a number of unsurprising reasons for people to pick this time to dissolve their marriage, the most obvious being that a new year represents a new start, and many New Year's resolutions include moving on from a bad relationship.

Paying for Home Health Care

David Silver teaches The Legal Environment of Business in ECU's Department of Finance. Dave is also a Partner with The Graham.Nuckolls.Conner Law Firm in Greenville, concentrating in Elder Law

Fairness in family law

What a party involved in a legal dispute in North Carolina might think is fair may not always correlate to what the law considers fair and equitable. For example, in family law matters, the rights of a biological parent might take precedence over other rights claimed by people with more of a hand in raising the child. In one example recently cited, a mother who abandoned her baby daughter to the care of the child's grandmother but came back two years later to claim her stands a good chance of being awarded full custody of the toddler, because most laws favor the child's biological parents.

Tax consequences deserve consideration in divorce

North Carolina is an equitable distribution state, so the net assets of a divorcing couple are split between the two by what seems fair to the court. If the couple should desire, they may propose a distribution for the court to accept or reject. Regardless of which method is used to divide the assets, there are some federal tax laws that are applied to either situation.

Delinquent child support payments

According to the federal Office of Child Support Enforcement, over $100 billion in back child support is owed by noncustodial parents in North Carolina and around the country. One problem is that if a parent owes child support but lacks any assets or other means to pay, there are not many methods to try to force payment. However, there are some ways to deal with the nonpaying parent that may seem counterintuitive but may result in payment progress.

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The Graham.Nuckolls.Conner. Law Firm, PLLC
321 Evans Street, Suite 200
Hendrix Building
Greenville, NC 27858

Toll Free: 800-682-1756
Phone: 252-493-6114
Fax: 252-757-3563
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