Frequently Asked Questions
We know family law can feel overwhelming—and sometimes, just getting clear answers makes all the difference. Below you’ll find thoughtful responses to the questions we hear most often, designed to help you feel informed, prepared, and empowered as you move forward.
How do I handle debt allocation during a high-net-worth divorce in NC?
Debt is just as much a part of divorce as assets — and in a high-net-worth situation, the stakes are higher. North Carolina is an equitable distribution state, which means marital property (including debt) is divided fairly, not necessarily 50/50.
Here’s what to keep in mind:
- Know what’s “marital”: Debt incurred during the marriage for the benefit of the household is typically split.
- Trace the source: Was that credit card used for business expenses or luxury items? Who benefited?
- Watch out for hidden debt: One party might have racked up private loans or lines of credit. Full financial disclosure is key.
- Consider tax implications: Especially with business debts or investment liabilities.
With high-net-worth divorces, expert financial help is often needed — but a good family law attorney can guide the strategy.
Still have questions or need advice tailored to your situation?
We’re here to help—reach out today to schedule a consultation.
We’re Here When You Need Us
Family law challenges can feel overwhelming, but you don’t have to face them alone. Let’s talk. Reach out today, and let’s take the next step together.
