In North Carolina, like most states, property division in case of divorce is supposed to be equitable. This means that a court may consider the contributions of both spouses when deciding how to split up assets. While this may be straightforward if both spouses earned an income, it can be more complex if one spouse did not. These spouses are often stay-at-home parents whose support has helped the career of the breadwinner.
When couples in North Carolina divorce, every aspect of their shared finances is open to negotiation and division. In many cases, a shared home is one of the most valuable assets the couple owns. If the home is not yet paid off and there is still a mortgage, the spouses will have to decide how they want to manage that responsibility.
North Carolina residents who have gone through a divorce understand just how challenging the entire process can be. One of the major challenges a divorcing couple may face is determining what to do with the marital home. There may be a lot of sentiment attached to the home. For that reason, the couple may struggle with whether to sell the home and divide the profits, have one of the two parties buy the other one out, or both keep ownership of the home and alternate the days that they live in it.
Parents in North Carolina who are divorced may help their children adjust by keeping lines of communication open. According to a new study, the relationship a child has with each divorced parent is much more important than the relationship the parents have with each other.
North Carolina couples who are considering getting a divorce may already know that the divorce process can be difficult to navigate. However, there are certain mistakes people can make before and during a divorce that may make it even more difficult and result in expensive consequences.