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ALIMONY & Post
separation Support
North Carolina law
provides for alimony, or spousal support, to be paid
on a periodic basis or in a lump sum from the
“supporting spouse” to the “dependent spouse”. The
dependent spouse is either a husband or wife, who is
substantially dependent upon the other spouse for
maintenance or support. By having a better
understanding of the law and your rights and
obligations, you will be able to make informed
decisions that address your current and future
needs.
Alimony is awarded
after consideration of several pertinent factors,
including:
- Marital misconduct
of a spouse,
- Duration of the
marriage,
- Accustomed standard
of living,
- Relative earnings
and earning potential of the spouses,
- Physical, mental,
and emotional age and condition of each spouse,
- The amount and
sources of earned and unearned income of each
spouse, including wages, dividends, medical,
retirement, insurance, and social security,
- Assets and
liabilities of the spouses, and
- Contribution of one
spouse to the education, training, or increased
earning power of the other spouse.
Post separation support
(spousal support while waiting for an award of
alimony) and alimony can be settled out of court via
a separation agreement. The court may award alimony
or post separation in a lump sum, continuing
payments, income withholding, or by transferring
title of possession of personal property. Bonds,
mortgages, a deed of trust, and any other means
ordinarily used to secure an obligation for payment
may also be ordered by the court.
The supporting spouse’s
income at the time of the alimony trial is used as
the basis for earnings. There are legal provisions
to address a supporting spouse who attempts to avoid
financial responsibility by refusing to find or
accept employment, intentionally depressing income
to a low figure, or by deliberately leaving
employment to enter another business. The alimony
decree is enforceable by North Carolina state law
and provides for a number of remedies for relief
including arrest and bail, wage attachment and
garnishment and other civil and criminal contempt
laws.
Throughout the alimony
process, settlement negotiations should be fully
discussed and explained to you. Divorcing spouses
are typically unprepared to objectively consider
settlement offers, counter offers and other
complexities associated spousal support. Some
spouses enter into negotiations without a full
understanding of what they are entitled to and
without an understanding of the financial
repercussions. Accepting financial terms in the
hopes of expediting the divorce process can cause
financial crisis in the future. It is important to
understand there may be hidden assets and assess the
"real" value of the marital estate and business
interests.
Financial disclosure is
mandatory in all matrimonial actions. Bank accounts,
stock options, deferred compensation plans, real
estate, brokerage accounts, foreign accounts,
offshore trusts and deferred tax planning devices
are all relevant to understanding your spouse’s
total financial picture. Some of your partner’s
property that is relevant to support considerations
may be difficult to find or may be business or
professional property that is difficult to valuate.
An attorney can obtain the necessary financial
information through the “discovery process” to
ensure that the court has all of the relevant facts
in your alimony case, or to provide a comprehensive
financial picture for the best negotiating position.
Qualified legal counsel can help you put the legal
tools in place to ensure that you and your children
are supported financially during and after the
divorce.
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