“Fears of a recession have surged in recent weeks,” Reuters reported earlier this month. A global trade war, persistent inflation, supply chain disruptions amidst various geopolitical tensions, and a volatile stock market have shaken investors and companies. Even in steady times, the financial aspects of divorce can be thorny and anxiety-provoking. However, a rocky…
It was your dream home or a fixer-upper. A starter house or the place you bought when that big promotion came through. You just moved in or you’ve lived here for years, raised a family. You chose the paint colors, debated: wall-to-wall or area carpet? You finally renovated the guest bath… A house is…
In many divorces, one spouse is ordered to make monthly payments for “alimony” or “maintenance” to the other spouse to help that spouse support him/herself. Usually, the spouse receiving the payments is entitled to keep receiving them unless he or she remarries or starts “cohabiting” or living with someone else as a partner. But…
by Debra Schoenberg Grey divorce refers to the split or separation of older couples, usually over the age of 50, who have been in a long-term marriage and maybe going through retirement. According to Forbes, divorce for older couples has increased, while the overall rate of divorce in the U.S. has declined. There are…
A family court judge could not require a wife to liquidate her own separate property in order to pay a large distributive award to her husband, the North Carolina Supreme Court recently decided. The couple, Andrea and William Crowell, married in 1998 and divorced in 2015. Before they married, William started several small businesses…
If there’s one thing family courts hate, it’s a spouse who plays dirty by trying to hide assets in the hopes of avoiding having to split them as part of the marital estate. Doing so can bring stiff consequences, such as having to cede a bigger share of marital property, or getting hit with…
By Debra Schoenberg Separation and divorce are a painful process that disrupts many families. When parents decide to separate, there are several reasons why they may consider a model of separation called “nesting”. No matter how you spin it, getting divorced is tough — especially if you have kids. Even if the decision to part…
Written by Debra Schoenberg October 7, 2019 Marriage is a beautiful union until things turn sour. Marriage takes a lot of work, and sometimes things don’t go as planned and you find yourself going down a bumpy road of separation from your spouse. The divorce process is a complicated and stressful situation, and it…
Though most people do not plan for a divorce when they get married, they do know that it can happen to anyone, at anytime. But despite this fact, there are certain states and even cities here in the United States where divorce happens at a higher rate than in other places. And one such…
Upon the filing of a divorce action, the automatic temporary restraining orders (ATRos) immediately take effect. The purpose of the ATROs is to maintain the status quo, and to prevent either spouse from taking all the money out of the bank accounts, or disposing of other assets, while the divorce is pending. Once the…
