The property division process can easily become contentious. Oftentimes, parties to a divorce in Wilmington may not completely comprehend why certain assets would be considered marital property, and this can lead to discord. One such asset is a 401k. Those who contribute to a 401k may wonder why such a benefit (which is due to their own individual efforts), would be a shared asset. On top of that, they may have concerns that if a portion of their 401k is withdrawn to give to their former spouse (prior to either reaching the age of retirement), they may be forced to pay a tax penalty.
When it comes to determining how custody will be awarded, there are all sorts of factors that courts go over. From a parent’s financial well-being to the child’s preferences, so many different issues can come into play when a custody dispute arises. If you are worried about being able to secure custody or visitation rights, or you are concerned about your former partner having an advantage in the courtroom for some reason, it is critical to prepare. There are a number of ways in which you may be able to increase your chances of a successful outcome, and the amount of contact you or your ex have with your child could affect the custody decision.
Family law issues can be very tough, particularly when children are involved, or finances are concerned. Sometimes, both of these issues can make life tough for a parent who is trying to move on with their life after a divorce. Some people are able to take care of child support and other responsibilities without any issues, but others may find themselves in a bind for a number of reasons. Sometimes, these difficulties may arise over completely unexpected challenges that interfere with a parent’s ability to pay child support.
Parents in North Carolina who are going through a divorce need to figure out child support so they cover the needs of each child the same as when the parents were together. Both the parents' incomes and the child's expenses figure into the amount that one parent owes the other. Either parent can ask for a support modification if their circumstances change.
For many couples in North Carolina, the holidays can be a stressful time of year, especially when they are experiencing marital challenges. It is a known fact that often people choose to try and hold their marriages together during the holidays in part to try one last time to salvage their families and in part to avoid adding the stress of a divorce to an already tough time. This year, however, the opposite may be true and people who believe their marriages are over might actually work hard to complete their divorces as fast as they can.
Those who end their marriage may run into a number of hurdles during and after the divorce process. Aside from strong emotions and legal issues involving their kids, such as custody, the financial impact of a divorce can also affect people years later. For example, child support payments can create challenges for custodial and non-custodial parents alike, and it is pivotal for parents to handle these difficulties appropriately. In this post, we will look over some of the consequences that parents may face when they fall behind on their child support.
One of the great challenges that you may face following your divorce is maintaining a strong relationship with your children. When you and your ex-spouse share custody (or he or she has sole custody of the kids), your lack of constant access to them can no doubt have an impact on the bond you share. This is true even if they simply live in another home in Wilmington; imagine, then, how much more strained your relationship can become if your ex-spouse chooses to relocate to another city (or another state). Is there anything you can do to prevent this from happening?
The decision to split up with a spouse can be hard for many reasons. For starters, some people worry about the financial repercussions that may come with the end of their marriage, whether they have concerns about how marital property will be split up or they are worried about the amount of child support or alimony they will be obligated to pay. Outside of financial concerns, there are other things to consider, such as the emotional impact of divorce and how this decision could affect kids.
If you are in the early stages of moving ahead with a divorce, you could have various questions related to legal issues and how this decision will affect your life. With social media and so much access to information, you may also be impacted by technology as you work through the end of your marriage. There are a variety of ways in which technology can impact a person’s divorce, both positive and negative. From online posts to accessing a world of information, it is important to take advantage of the benefits of technology and watch out for some of the pitfalls as well.
Parents in North Carolina who are going through a divorce have many hard decisions to make. One of the toughest is custody of the children. As in most states, custody decisions in North Carolina are based off what is best for the child. While parents are encouraged to communicate and make the decision together, the court can make the determination if the parents are unable to do so.