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August 2017 Archives

When divorce meditation isn't appropriate

North Carolina couples who are ending their marriages may want to use mediation to resolve the issues surrounding their divorce and to avoid the investment of time and money that is sometimes necessary with litigation. However, there are certain indications that the process might not be suitable.

Dealing with a Thrift Savings Plan during a divorce

North Carolina residents who work or have worked for the federal government and whose marriages are ending may find that their divorce can become complex when it comes to a federal Thrift Savings Plan. While there is no federal law that requires a worker to share his or her TSP account balance with a former spouse, a court could potentially award a certain portion.

Closing joint bank accounts

When couples in North Carolina decide to end their marriages, financial matters are often of significant concern. Most married couples have intertwined finances, and it can take both time and effort for the spouses to disconnect their finances from those of their ex-husband or ex-wife.

How divorce affects the family home

Many people don't have a house after they divorce. They may have surrendered their home to their spouse as part of asset division, gained a percentage of the home's value in a split, or been bought out. Regardless of the circumstances, some divorcees look to get a new home and likely a new mortgage to go along with it. A divorce can have some surprising effects on a person's ability to qualify for a home loan, so it is important Charlotte residents be knowledgeable and prepared.

Health care uncertainties and divorce

Amidst the uncertainties that have resulted from the attempted repeal and replacement of the Affordable Care Act, experts say that many couples are delaying their divorces. For North Carolina spouses who are considering divorce, the uncertainty of future health care coverage and costs might be cause to wait for an official separation.

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