Transmutation is a term used in family law to describe property that has been transformed from a party’s separate property into marital property.In the context of equitable distribution, the term “separate property” refers to property that is owned by one spouse individually.
Can I Require My Spouse to Maintain Life Insurance To Secure an Alimony or Child Support Obligation?
Under North Carolina law, the obligation of a spouse to pay alimony, or a parent to pay child support, ceases upon the death of the obligor. Maintaining a life insurance policy in effect insuring the life of the supporting spouse or parent can provide a dependent spouse or custodial parent with valuable financial security in the event of the death of the supporting spouse or parent.
Depending on your reason for leaving your spouse, your spouse may have grounds to allege abandonment, which is sometimes referred to as desertion. In North Carolina, abandonment is considered an act of marital misconduct.
A court order for payment of alimony that is entered by a North Carolina Court may be modified or vacated if a judge finds that a substantial change in circumstances has occurred since the entry of the original order. In general, the circumstances necessary to modify an alimony order must relate to a change in the financial needs of the dependent spouse (the spouse receiving alimony) or in the supporting spouse’s ability to pay.
We have been warned by North Carolina Lawyers Mutual Insurance Company of a new scam affecting citizens of North Carolina. In this new scam, the caller purports to represent a law firm collecting a debt. The caller threatens the citizen with arrest if the debt isn’t paid via credit card...