North carolina child custody laws
Most states will exclude from this division any property that was acquired prior to the marriage or that was acquired via gift or inheritance. north carolina child custody laws Divorce how it effects children. In some states (community property states) this involves a 50/50 split of the property acquired by the parties during the marriage. Other states (non-community property states) will inquire into the couple's individual financial circumstances, financial plans for the future, and other relevant matters in attempting an equitable distribution of the property. This distribution will be done differently depending on the circumstances of each particular case. north carolina child custody laws California alimony calculator. That is why it is often difficult for attorneys to predict exactly how the divorce court will handle the division of a couple's property. Take for example a situation where a married couple, Al and Meg, owned a carpeting business. Al and Meg began the business together early in their marriage, and they both contributed to the successful start up of the business. north carolina child custody laws Current divorce rate. Once it was off the ground, however, the couple decided to have children. After the birth of the couple's first child, Meg continued to do the books for the business. However, as the business began to grow and the couple had two more children, Meg began devoting her full energy to the couple's home and family duties. Therefore, additional staff was hired to take care of the active roles that Meg had once had in the business. When the youngest of Al and Megs' children was four years old and the eldest was nine, the couple filed for divorce. Al and Meg could not agree on what to do with the business. Meg wanted the business sold, while Al wanted to continue to run the business. The decision was left to the judge, who determined that the business had little market value and it was more profitable for Al to continue to run the business. Because the two could not feasibly continue to own the business together, Meg was awarded a partial payout for her share of the business (based on expert evaluations of its value) and monthly payments until her share was satisfied in whole. In the above example, the courtdetermined that it was best to leave Al and Megs' carpet business intact. Under slightly different circumstances, however, the same judge might decide to sell the business and split the proceeds between the divorcing couple. Because the division of property is never predictable, if you have a strong need for some item of property, it may be best to have your attorney negotiate and settle the property distribution ahead of time with your spouse's attorney. For example, you may decide that, although you would really like to stay in the family home, you really need to keep your business. Therefore, you might forgo the home in favor of the business.
North carolina child custody laws
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