In many ways, when you say “I do,” you are embarking on a business venture with your new spouse. While a business can be set up to ensure each person involved gets out of the business what he or she puts into it, the same is not always true of marriage. In the unfortunate event that your marriage comes to an end, in North Carolina, there is a strong presumption that each spouse will walk away with half of the marital property – both assets and debts.
The fireworks are flying. It is loud and heating up. No, this isn’t a Fourth of July celebration. It’s your home and you are fighting with your spouse. Again. Maybe you have finally decided you have had enough. If you are considering choosing your independence and wanting to take steps to separate, you may be wondering, ”Is Divorce right for me?”
For many people, the idea of a trust triggers the seemingly negative image of spoiled children, living off the wealth they inherited; wealth these ‘trust-fund babies’ didn’t earn. While that may have been true in the past, trusts such as revocable living trusts have... read more
