Our guest blogger today is Courtney Barbee from The Bookkeeper in Raleigh, North Carolina. Courtney was gracious enough to provide us with a better understanding of what impact on Alimony the tax changes starting in 2018 will have. The Bookkeeper is a family-owned local business that specializes on accounting solutions.
Interactions with clients that have family law issues produce issues and questions that frequently arise. In this installment of our family law blog, we are going to discuss some of the more common questions that I have received over the years regarding family law. Questions asked by multiple people, independent of each other, are asked for a reason. That reason is that there is a lot of misinformation out there. Let's clear some things up.
When I say 'be cognizant of evidence' I mean evidence that can work for you against your spouse and evidence that can be used by your spouse against you. If you are doing something illegal, stop doing it. If you have a problem, take the necessary steps to correct it and document the steps you've taken to show you've bettered yourself. If your spouse has a problem with drugs or alcohol, make sure you are able to prove it in court.
Whether you are anticipating a possible equitable distribution, post-separation support, or alimony action once your separation has commenced, you will need to make sure you have your financial information readily available. Reason being is that this information is going to be required to be produced by a North Carolina court. Even if you intend to resolve all issues through a separation agreement, any competent attorney that is representing you and/or your spouse is going to require that both parties exchange financial information.
The information contained herein is going to be most useful prior to the start of the separation process. Make sure you spend time with your child. This seems obvious, and a no brainer even when you are not looking at the probability of separating from your spouse, but sometimes people are overworked and do not spend the amount of time necessary to positively affect their child’s life. Keep in mind that your kid is going to be going through this separation as well and it’s going to be tough on them. Make it as easy for him/her as you can and start by getting familiar with these guidelines.
When parties are separating there are going to be questions as to who takes what and who is entitled to what. One of the first things that parties should ask is who is entitled to what money in the bank accounts? That depends on whether or not the money is marital property.
Welcome to my five (5) part series titled "What Should I Know When Going Through a Separation?" Today, I am discussing financial support. This means financially supporting not only your children, but also your spouse. That is, if your spouse does not have the resources to adequately meet his/her needs and you have the means to support him/her. Probably not what you want to read, but you can save time and money in the future by making sure you do this correctly.
Typically, during the outset of a separation, a party may consider moving to a new state and want to take his/her child with them to start a new life. That may well be a very bad idea depending on the circumstances. This blog post discusses the UCCJEA, which stands for the Uniform Child Custody Jurisdiction Enforcement Act.