Spouses tend to have a lot in common. This is usually one of the main reasons for getting married in the first place. However, that doesn’t mean they are identical in every area. Broadly speaking, there are five money personality types. Spouses may fit into one of...
Divorce
Is money the leading cause of divorce?
Finances are a large issue in many marriages. Many couples discuss how their money is spent, how much money should be saved, how money is split and how much is being made. Financial difficulties may not be the leading cause of divorces, with many being caused by...
Too much time apart could lead to divorce
Some couples get divorced because they spend too much time together. For example, married business owners may feel like combining their personal and professional lives has taken a toll. They see each other 24/7, and it leads to conflicts and frustrations....
Addressing home equity in a North Carolina divorce
Spouses tend to work together to accrue resources for their future financial comfort. Buying a marital home together is a perfect example of this practice. Spouses make sacrifices and commit huge amounts of their income for the acquisition and maintenance of their...
Why did your spouse just give money away?
You and your spouse have been discussing a divorce. Your spouse is not necessarily happy about it, but they realize that there’s nothing they can do to stop the divorce from taking place. As you begin to gather your financial documents, you find some interesting...
How should you tell your (adult) kids that you’re getting divorced?
So-called “gray” divorces are more common than ever before. The challenges for couples who call it quits when they’re in their 50s, 60s and beyond are often different from the challenges faced by younger couples – except to one significant extent. They still have to...
What can slow down your divorce process?
When most couples are ready to be done with their marriage, there’s nothing they want more than a quick divorce. Unfortunately, where divorce is concerned, it’s easier to slow things down than to speed things up. Knowing more about what can cause delays can help you...
Anything You Post Can Be Used Against You During A Divorce
A divorce can get messy, especially when many disputes arise. In a contested divorce, court intervention is necessary to make resolutions when the divorcing couple cannot agree on issues. You already know that proper decorum is mandatory in the courtroom. How you...
What Is Marital Property In A South Carolina Divorce?
Before you enter a marriage, you and your spouse have separate property. The property you acquired while single remains in your ownership even after a divorce. Marital property includes all the assets you purchased during your marriage. It does not necessarily mean...
How IRAs Are Treated In A Divorce
South Carolina follows the equitable division rule. This means that the courts consider each spouse's circumstances when deciding how to divide marital property. However, some exceptions exist regarding how retirement accounts get divided in a divorce. Dividing...
