Bitcoin, Cryptocurrency, and Hidden Assets in Divorce

Virtual currency, also called cryptocurrency, is everywhere right now – finance experts are talking about it, it’s popping up on online shopping sites, there are stories on the news, and you may have even looked into it yourself. Bitcoin and similar digital currency were once only available to seasoned technology investors, but today anyone with…

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N.C. Department of Revenue Announces Extra Credit Grant Application Extension through July 1

Hartsoe & Associates, P.C. recently received word that the North Carolina Department of Revenue (NCDOR) has extended the application deadline for Extra Credit Grants, worth $335, through July 1, 2021. This extension applies only to eligible individuals who have not already received the grants. Per the message: The grant program was established in last year’s…

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Who Should Testify in Divorce Proceedings?

When a couple decides to separate and/or divorce, one or both parties may wish to resolve the process as quickly as possible. However, there may be times where a hearing or trial is necessary (regarding financial issues, the division or property, or issues involving children). In these scenarios, various witnesses may be called to testify…

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What Are the Tax Concerns for Business Owners Who Divorce?

When you own a business and decide to get divorced, the company does not just stop operating until things are resolved. It can be even more difficult to move forward when you and your spouse both participate in the business. There are assets and liabilities to divide, and depending upon what your future roles are…

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Can “Married at First Sight” Couples Get Annulments?

The reality TV show Married at First Sight usually prompts two questions from its viewers: Do the couples really get married? Can they get their marriages annulled? The first question (marriage) has an easy answer — yes, the couples actually do get married. The show, prior cast members, and public records have made this clear.…

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Women Increasingly Seeking Premarital Agreements

A common assumption about premarital agreements is that they are created for well-to-do men in the event of a divorce. While individuals and couples with significant assets can benefit from premarital and postmarital agreements, the “old chestnut” that men are the ones requesting these documents can be laid to rest. As of 2017, “41 percent…

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What Rights Do Fathers Have Regarding Child Custody?

In North Carolina, both parents have an equal right to custody of their children. While the State used to follow the so-called “tender years” doctrine, which gave preference to the mother when the children were young, that is no longer the case. When a couple divorces, both parents are assumed to be equally capable of…

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