Timing, as they say, is everything, and if you are appealing an Order in North Carolina, this is particularly true. Slaughter v. Slaughter, No. COA16-1153 was decided by the North Carolina Court of Appeals on July 18, 2017. While there were multiple issues on appeal, the issue that sticks out…
Articles Posted in Equitable Distribution
Owning a Business can be tricky in a divorce
Dear Carolyn, I am involved in an equitable distribution case and I have a closely-held business in the Triad, which was started by my father. He still owns the majority of the business. Eight years ago, my father gave me twenty-five percent of the business. I separated from my husband…
No Second Guessing the Evidentiary Supported Value of Marital Property (Chafin v. Chafin)
Sade Knox, InternChafin v. Chafin, 791 S.E.2d 693 (N.C. Ct. App. 2016) Facts: In late 1988, Plaintiff and Defendant entered into a marriage that lasted about twenty years before the parties separated in June of 2008. During the years of the marriage, Defendant was an owner of a close to non-profiting auto-sales…
The Clock is Ticking: Don’t Miss a Deadline
Dana M. Horlick, Attorney, Woodruff Family Law Group Whenever you become a party to a lawsuit, whether you are the Plaintiff or the Defendant, there are deadlines imposed by the Court, by statute, and by the Rules of Civil Procedure that are important to follow. There are deadlines whether you…
Does Death Do You Part? Wills, Intestacy, and closely held businesses. Part 3 of 3.
Now let’s change the hypothetical of our Greensboro couple – Petunia and Rocky – in one respect. Recall that Petunia’s parents wanted her to have a premarital agreement regarding Home Grown Lawn Care, but Petunia and Rocky did not sign one. Maybe a few years into her marriage, Petunia realizes…
Does Death Do You Part? Wills, Intestacy, and closely held businesses. Part 2 of 3.
By: Dana M. Horlick, Attorney, Woodruff Family Law GroupNow that we have the details and definitions out of the way, we can return to our Greensboro couple Rocky and Petunia and take a look at what happens to Petunia’s estate. Recall that Petunia died without a premarital agreement, without children, and without a will. Since Petunia died without…
Does Death Do You Part? Wills, Intestacy, and closely held businesses. Part 1 of 3.
By: Dana M. Horlick, Attorney, Woodruff Family Law GroupHave you wondered how much of your estate is your spouse entitled? What happens to all of your assets when you die? Do you have much control over the disposition of your estate? Does having a will make a difference? To demonstrate the nuances involved in determining how much your surviving…
Why is “Stuff” So Important in Your Divorce? Think About It!
By Carolyn Woodruff, North Carolina Family Law Specialist, CPA, and CVAI am constantly amazed at how people going through a divorce “fight” over “stuff” like a tea cup, a train set, a doll, or a stuffed animal. Generally, when I am using the word “stuff,” I mean personal property like tables and chairs, jewelry, or sentimental items from childhood. The…
Critical Issues for Same-Sex Marriage in North Carolina
1. What is the date of marriage? Prior to October 2014, same-sex couples could not marry in North Carolina. But what date of marriage will North Carolina recognize if the same-sex couple was earlier married or entered into a civil union in some other state before October 2014? The date…
Divisible Property in Equitable Distribution
North Carolina General Statutes Section 50-20(b) (4) defines divisible property. Divisible property covers certain values created post-separation. A husband that continued to work in a dental practice post-separation did not create active appreciation. Husband did not change anything about his business methods to increase business. The growth between the date…