North Carolina Divorce & Finances

Dealing with the division of property and debts is one of the more complicated aspects of the divorce process. How will the property be divided? What about the tax consequences? Are there estate planning issues that need to be addressed? Will one spouse have to support the other, and if so how, is the amount and duration determined? Following are some laws specific to North Carolina Divorce and Finances.

Property Division/Community Property/Debts:

North Carolina is an equitable distribution state. This system is also called common law or marital property. For an explanation of the division of property in both equitable distribution and community property states, see Dividing Up Property in a Divorce: Community Property vs. Equitable Distribution

North Carolina Spousal Support:

Spousal support, called alimony in North Carolina, is a regular amount of money that a court of law may order a person to pay to his or her former partner after a divorce. At the same time the court issues a divorce decree, the court may also issue an order for alimony, paid by either the husband or wife in support of the other spouse.

This amount and the length of time it will be paid are determined by the court based upon factors such as the financial situations and earning capacities of the spouses. In North Carolina, the courts can consider the marital misconduct of the parties in awarding alimony and can consider marital misconduct that has occurred after the date of separation as evidence that such misconduct occurred before the separation.

You may need a lawyer to help you deal with the financial aspects of your divorce if you and your ex cannot agree. You can find a lawyer at:

Find an experienced North Carolina Divorce Attorney at AttorneyPages.com
Find an experienced North Carolina Child Support Lawyer or Custody Lawyer at AttorneyPages.com
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