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Divorce Resources for Women

‘Taxes’ Category

Living Separately While Married: Where do I Live?

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WHERE TO LIVE WHILE YOU AND YOUR SPOUSE ARE SEPARATED?  
If you are considering a divorce in North Carolina then you probably already know that you must be separated for one year before you can file for Absolute Divorce. This means you may need to go house hunting for a short-term rental which only adds more stress. Fortunately, there are some very important steps you can take during the separation period that can make this transition a bit (more...)

What You Need To Know About Bankruptcy And Divorce

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Guest post by Eva G. Bacevice, bankruptcy attorney and contributing writer at Upsolve
Divorce and bankruptcy often go together hand-in-hand. Financial strain can accelerate marital strife just as easily as pending separation can negatively impact your financial stability. While you may need to seek legal relief on both fronts, it is important to know how they impact one another, and that your personal circumstances will determine the best order to address them.
Types Of Bankruptcy
To begin, we will (more...)

Expert Help Now Can Avoid Costly Problems Later!

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Sometimes divorce can be so emotionally taxing that common sense and reason
are overtaken by raw emotion and reflexive action.  This can be extremely dangerous.  We could be putting ourselves, our children
and our finances, at risk of irreparable damage.

“Protect yourself.  Not every story has a hero.” ~ Annie

The Worst That Could Happen

“What’s the worst that could happen?” some might ask.  One misworded paragraph of a settlement (more...)

5 Common Divorce Negotiation Mistakes That Are Best Avoided

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Guest post from Negotiation Experts
According to the American Community Survey, Denver, Colorado, has a 12.4% divorce rate. That means at least one in every eight marriages ends up in divorce.
If handled poorly, the divorce process can drag on, with long-term adverse effects. Your image may suffer, your assets may depreciate, your emotions may cause scarring, and your kids may not adjust well to the changes. With the right preparation, a divorcing couple can work out a (more...)

Am I responsible for my spouse’s debts?

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Your ex’s credit card bill may not be the first thought that crosses your mind when getting divorced, however you may be responsible for that bill and other debts incurred by your ex if they are found to be “marital debts”. Just like physical property obtained during your marriage, debt can be a marital asset that must be divided. Generally, marital property includes the things bought or accumulated during the marriage using funds earned during (more...)

11 Common Financial Mistakes Made in Divorces

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During your marriage, you and your ex most likely comingled funds and budgeted together. These are sound marital practices, but divorce puts you in a position that requires an in-depth review of the income, expenses, and assets that you and your ex brought to the marriage and forces you to make important decisions with lasting implications. Too often people underestimate just how complex these issues can be and how important it is to make the right choices. Your best (more...)

How To Avoid A Mistake When You Decide Where To Live After Divorce

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Figuring out where to live after divorce is often very unsettling and is the issue that causes the most upheaval. While you and your STBX are discussing what happens to the marital home, you feel in a state of limbo, uncertain where life will take you. That makes it hard to make other decisions and yet, at least one of you is going to have to move.
Here you are, in the middle of one of life’s (more...)

What Could Make An IRS Problem Worse? Divorce

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Being in trouble with the IRS is no one’s idea of fun to begin with and getting divorce can make that problem even worse.
It’s pretty typical in a marriage for one spouse to take on the responsibility for doing the taxes. Often times, the other spouse is all too happy to be relieved of that task.
And then divorce happens …
And then they find out that the taxes they thought had been filed, (more...)

Maintenance Under the Tax Cuts and Jobs Act — Part 1

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{4:00 minutes to read} On December 22, 2017, the “Tax Cuts and Jobs Act” (TCJA) was signed into law. One of the most significant changes found in the TCJA for couples seeking a legal separation or divorce is the elimination of the “maintenance* deduction.” Prior to the TCJA, maintenance was a tax deduction to the [...]

Alimony Court Statutes

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Alimony Statutes. Click on a statute title for the full text.

§ 50-16.10. Alimony without action.

§ 50-16.1A. Definitions

§ 50-16.2A. Postseparation support

§ 50-16.3A. Alimony (16 factors)

§ 50-16.4. Counsel fees in actions for alimony, postseparation support

§ 50-16.6. When alimony, postseparation support, counsel fees not payable

§ 50-16.7. How alimony and postseparation support paid; enforcement of decree

§ 50-16.8. Procedure in actions for postseparation support

§ 50-16.9. Modification (more...)