Separation & Property Settlement Agreement

Separation & Property Settlement Agreement

Litigation can be extremely costly, time-consuming, and stressful. That is why settlement of disputed issues is always thoroughly explored by Warren & Warren, P.A., as an alternative to litigation.  Legal property settlement and separation agreements are legally enforceable contracts that can resolve all issues pertaining to your separation. To ensure the agreement is fair, we try to make certain there has been full disclosure of all income, assets, and debts so we can accurately determine whether we are dealing with marital, separate, or mixed assets and debts.

We also help determine whether there is a need for appraisals, CPAs, or business evaluations. There are many ways to value the marital interest in a business, whether the business was started before or after the marriage began. In either instance, a significant marital interest may be at stake. Evaluating the fair market value of a marital interest in a business is extremely important and requires experience and expertise in such matters. Warren & Warren, P.A. has handled thousands of these types of cases and can help you with businesses ranging from sole proprietorships to large corporations.

Retirement accounts also play a major role in divorce planning. Determining the value of a retirement account has serious tax implications. Transferring of financial interests in retirement accounts usually requires special and complex court orders to avoid tax consequences and to satisfy IRS regulations. We can help you resolve these issues.

As for child support and spousal support, Warren & Warren, P.A. will assist in determining the appropriate amount of support to be paid and will evaluate these issues based on our experience, expertise, and the laws of North Carolina. We find most clients need substantial assistance in these matters due to not knowing how to determine income and not knowing how to determine each party’s responsibility for supporting themselves or their spouse. These issues must be evaluated in conjunction with the property settlement, debt distribution, and the parties’ tax implications.

Mediation & Arbitration

In some cases, mediation or arbitration is helpful in resolving a case. Warren & Warren, P.A. will assist you in representation in both mediations and arbitrations. With extensive experience in all aspects of family law and divorce, we are able to evaluate the parties’ respective claims and help in facilitating a compromise settlement. This process is accomplished by either working with a mediator, who is an intermediary between both sides, or an arbitrator(s), who can make decisions without formal litigation in court.