Ending a marriage inevitably takes an emotional toll on a family, and it can create tremendous financial strain as well.
Large legal fees, financial opportunities lost to litigation delays and uncertainty about property division can cause serious monetary distress to a divorcing couple.
In 1997, the North Carolina General Assembly recognized this problem and passed a law establishing the Family Financial Settlement Program. This program, which has been implemented statewide, requires divorcing couples to participate in court-ordered mediation to resolve disputes about family financial issues. Family financial issues include post-separation support, alimony and equitable distribution, which is the division of marital assets and debts during divorce.
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