What is Divorce From Bed & Board?
Divorce from bed and board is a fault based divorce that really isn’t a divorce at all but rather is a legal separation. Normally, a complaint for divorce from bed and board is brought when both parties are still living together and one party is having an affair, abusive, or using drugs and the innocent spouse wants the at fault spouse out of the house. If brought at the same time as claims for custody, child support, and distribution of property, a judicially ordered separation pursuant to the prayer for divorce from bed and board establishes the separation required for those other...
Read More5 Tax Implications and Divorce
It’s that time of year again. The holidays are gone. The tree is down. W-2′s will be in the mail and on their way before you know it. Each year tax season brings with it new law, new questions, and new decisions. Adding a divorce or separation in the mix makes things even more complicated. Here are 5 tax implications to consider: 1. Did you receive or make alimony payments in 2011? You may deduct from income the amount of alimony or separate maintenance you paid, and you must include in income the amount of alimony or separate maintenance you received. The IRS does not limit what...
Read MoreDivorce for Couples With High Net Worth
Divorce can be a difficult process for anyone but it can be particularly difficult for couples who have a high net worth. These couples have often worked hard and spent many years delaying spending money on things they want. It may be that both couples are professionals or it may be one spouse stayed at home and raised the children forgoing a career and the other spouse worked. In either case, these couples often have complicated investments and assets that will require some skill to divide fairly. If you are about to file for divorce or your spouse has filed for a divorce you will want to...
Read MoreUniform Premarital Agreement Act
Chapter 52B. Uniform Premarital Agreement Act. § 52B‑1. Short title. This Chapter may be cited as the “Uniform Premarital Agreement Act”. (1987, c. 473, s. 1.) § 52B‑2. Definitions. As used in this Chapter: (1) “Premarital agreement” means an agreement between prospective spouses made in contemplation of marriage and to be effective upon marriage. (2) “Property” means an interest, present or future, legal or equitable, vested or contingent, in real or personal property, including income and earnings. (1987, c. 473, s. 1.) § 52B‑3....
Read MoreNC Marriage Statutes
Chapter 51. Marriage. Article 1. General Provisions. § 51‑1. Requisites of marriage; solemnization. A valid and sufficient marriage is created by the consent of a male and female person who may lawfully marry, presently to take each other as husband and wife, freely, seriously and plainly expressed by each in the presence of the other, either: (1) a. In the presence of an ordained minister of any religious denomination, a minister authorized by a church, or a magistrate; and b. With the consequent declaration by the minister or magistrate that the persons are husband and wife; or (2) In...
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