If you are getting a divorce in the Greenville, North Carolina, area, it is a good idea to become familiar with all the elements of divorce you may encounter. One of the most misunderstood of these elements is spousal support, which is also known as alimony. To many divorcing parties who still need financial support, alimony feels wrong, as if it is just a way to take advantage of a former life partner. To those who are faced with paying spousal support, it can often feel like an unfair situation.
If you are contemplating a divorce, spousal support or alimony may be in dispute. You may be the spouse who believes you will need such payments, or you may be the person from whom your former spouse is seeking alimony or support. It is important that you understand the different types of payments that may be ordered in your divorce and what may affect whether they will be ordered.
As the number gets referenced frequently, many people in North Carolina might be under the impression that the divorce rate in the U.S. is around 50 percent. However, a data blog for the New York Times claims that the divorce rate in the U.S. is actually lower than 50 percent and declining.
North Carolina fans of actor Terrance Howard may have heard that he is claiming that he cannot pay $325,000 in spousal support to his ex-wife Michelle Ghent as required by the terms of their divorce settlement agreement. Although Howard continues to star in blockbuster hits, he insists that all of his money goes directly to his first wife of 14 years, Lori McMasters, in the form of alimony and child support for the former couple's two children. After taking her share, McMasters supposedly writes Howard a check for just under $6,000 each month to cover his own expenses.
Modern divorce settlements are expanding the definition of "family" to include the family pets. Celebrity couple Antonio Banderas and Melanie Griffith made headlines recently for including custody of the couple's dogs, but the practice of including shared pets during property allocation is becoming more popular.
For many divorcing couples, questions abound about the effect that the end of the marriage will have on their finances. North Carolina spouses may be interested in an article discussing the impact that a divorce has on a person's taxes.
North Carolina couples may be interested to learn that, nationwide, more women are asking for prenuptial agreements before they get married. In past years, it was almost always the men, especially if they were wealthy, who asked for these agreements, reports say.
Fans of reality TV in North Carolina may have recently heard about the announced separation of well-known reality stars Bruce and Kris Jenner after 22 years of marriage. An ensuing divorce between the 63-year-old former track star and the 57-year-old matriarch of "Keeping Up with the Kardashians" may involve combined property in excess of $125 million. It has been reported that the couple never signed a prenuptial agreement before their 1991 wedding.
North Carolina residents whose marriages are breaking up may want to consider the implications that an extended separation before divorce can pose for spouses. Putting off the divorce and living in the limbo of separation may result in lower marital assets or spousal support, but this can usually be avoided with a legally binding agreement.
While the overall rate of divorce is declining, it is on the rise among older married couples. Women who have been married for a long time often are confronted with different financial concerns than those faced by younger individuals.