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High Asset Divorce Archives

Dividing retirement accounts in divorce: Avoid pitfalls

Many couples in North Carolina try to handle their own divorces without legal help. While couples are able to get divorced on their own, they should be careful when they have retirement accounts and pensions that need to be divided.

What to do if money is transferred from a joint account

If North Carolina couples have money in a joint bank account, that money may be considered marital property. Therefore, if a spouse moved funds from that account into a CD or other type of account in his or her name only, it may not change the nature of that money. It may also be important to ask the bank to verify where the money was actually moved to.

Awarded alimony? Then prepare to keep track of the payments

Alimony, also known as spousal support, can be a critical element to any divorce. However, it is not guaranteed to be involved in any given divorce. Each state handles alimony differently, but in most cases, a complex formula or a judge's ruling (based on many different factors such as the length of the marriage, the health of the spouses and the professional prospects of the spouses) will determine if alimony should be used or not.

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Plumides, Romano, Johnson & Cacheris, PC
301 South McDowell Street, Suite 130
Charlotte, NC 28204

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