Divorce and separation can be emotionally and financially overwhelming enough without addressing all of your family financial issues in an open courtroom. Private family financial mediation in North Carolina offers a structured, confidential alternative to courtroom litigation and allows you to participate in reaching an agreement that allows you to move forward with your life. What Is Family Financial Mediation? In North Carolina, many financial disputes connected to divorce are handled through mediation, either voluntarily or through the court’s Family Financial Settlement (FFS) Program administered by the North Carolina Judicial Branch. In private mediation, you and your spouse select a … Continue reading
Tag Archives: Separation
Effect of Separation and Divorce on Estate Planning in NC
If you and your spouse are separated or you have recently divorced, this blog will summarize the relevant North Carolina statutes. Separation and Estate Planning A separation alone has no legal effect on your estate plan. If you and your spouse have executed a separation agreement, it will likely have reciprocal renunciations of statutory spousal rights such as the Year’s Allowance, Intestate Succession, and the Elective Share. These spousal rights exist regardless of whether your Will or Trust includes your spouse. As my Wills and Trusts professor always said, “you can’t disinherit your spouse in North Carolina.” Without a … Continue reading