Mooresville High Net Worth Divorce Lawyer

Mooresville High Net Worth Divorce Attorney

Couples who have high incomes typically face intricate issues when they attempt to divorce in Mooresville. Because there may be more assets of high value to divide, it is important that you find a family lawyer who is experienced with cases similar to yours. If you’re going through a divorce that involves complex assets and high incomes, it’s imperative that you work closely with a Mooresville high net worth divorce lawyer who can protect your interests.

At Lassiter & Lassiter, our dedicated team has been providing superior family law services to residents of the Mooresville area for years. We understand how demanding family law cases may become, especially when you’re involved in a high net worth divorce. Luckily, our team has the knowledge, resources, and insight needed to guide you through the most complicated of cases and can help you through whatever hardships arise. You can rely on Lassiter & Lassiter to help.

Divorce Laws in North Carolina

The laws pertaining to divorce vary by state. In North Carolina, there are a few technicalities that you should be aware of before finalizing your decision for a divorce.

Permanent Impact

The state of North Carolina views divorces as permanent decisions. This means that should you ever desire to reverse the situation, there may be a variety of difficulties in doing so. When making a decision that will supposedly impact the rest of your life, it is helpful to seek legal counsel in the matter.

Legal Requirements for Divorce in NC

Technically, anyone can file for divorce in North Carolina. However, there are two basic requirements which must be met before doing so.

1. You, your spouse, or both of you must be present residents of the state of North Carolina. Wherever you are trying to file for divorce, you must be a resident of that state. In North Carolina, you are considered a resident if you have lived in the state for a minimum of six months.
2. Prior to filing for divorce, you and your spouse must live separately for a minimum of one year.

The 50/50 Rule

North Carolina is classified as an equitable distribution or 50/50 divorce state. This means that when a couple decides to get a divorce, their assets will typically be divided equally. This is subject to change if the court determines that a 50/50 division would not be fair to both parties. However, this is the rule which is set forth at the onset of a divorce case.

Challenges for High-Income Couples

When couples file for divorce in North Carolina, their assets are divided by marital property and separate property. Marital property includes assets that were acquired during the time of your marriage, while separate property includes assets that were acquired before your marriage or separately during the marriage.

However, even if you and your spouse determined at one point that an investment was individual property, it could still be considered marital property by the court if it were obtained during the time of your marriage.

Why You Need a Divorce Attorney

There are many emotions and stressors that come with getting a divorce. Aside from facing separation from your spouse, you may also be facing custody issues and the loss of assets and security. No matter what, your life will look different in the coming months, and a divorce attorney can help you navigate the complexities of it all. They can advocate for your interests, fight to ensure you receive the assets you deserve, and represent you in litigation.

FAQs

Q: How Much Does a Divorce Lawyer Charge in NC?

A: The price that a divorce lawyer charges is dependent upon many variables, including the complexity of the case they are handling and how lengthy the process is. The location of the firm you choose, as well as their size, will also have an effect on the price you pay. However, taking everything into consideration, the average fees for hiring a divorce attorney in North Carolina fall between $9,000 and $12,000+.

Q: What Is a Spouse Entitled to in a Divorce in NC?

A: North Carolina is classified as an equitable distribution state, meaning that property belonging to both spouses is divided fairly but not always equally. Because the court takes into consideration information that is specific to each case, there are times when the 50/50 rule does not apply, and distribution may seem “unequal.” The goal of the 50/50 distribution of property is to ensure fairness. If fairness cannot be achieved by a 50/50 split, it will be adjusted.

Q: What Is a High Net Worth Divorce in North Carolina?

A: A high net worth divorce occurs when a couple has a large amount of valuable assets and high incomes. Because high net worth divorces tend to deal with a myriad of expensive, valuable assets, the property division process is often more complex than the average North Carolina divorce. It’s highly recommended that any individual going through a high net worth divorce work with an experienced lawyer who can protect their assets and fight for a fair division of property.

Q: Can You File for Divorce for Free in North Carolina?

A: In North Carolina, you may have the option of filing for divorce for free if you cannot afford the filing fee. To do so, you will need to fill out and submit a “Petition to Proceed as an Indigent.” Once this is filed, the court will review the petition. If they approve it, you will not be required to pay the fee for filing for divorce.

Settle Your Mooresville High Net Worth Divorce Today

If you are in the process of getting a divorce and have the added stress of high-income status, do not take on this journey alone. The team at Lassiter & Lassiter is ready to work with you and help you during stressful times. Reach out to our firm today to schedule a consultation and learn more about our high net worth divorce services in Mooresville, NC.