This Insights was contributed by Richard Pasquantonio, CPA/CFF, CFE, CDFA (N.C. License Number 33577), an associate at Adam Shay CPA, PLLC.
While exhibiting at the 2015 N.C. Bar Association Family Law Intensive in Raleigh, N.C., I had the opportunity to attend Robin Stinson’s and Maria Vargas' presentation entitled, “Imputing Income in Alimony and Child Support Cases.” In preparing for this article, I was researching some funny quotes related to the topic of divorce; I came across some really dark stuff … really dark, actually.
However, during that process, I also came across Helen Rowland. Rowland was a turn-of-the-century American journalist and humorist. She wrote a column in the New York World newspaper called “Reflections of a Bachelor Girl.” Rowland's popularity at the New York World resulted in her work being published in book form, including “Reflections of a Bachelor Girl” (1909), “The Rubáiyát of a Bachelor” (1915), and “A Guide to Men” (1922). Her anecdotes are pithy and her delivery punchy. All in all, her work is really funny and edgy. I suspect that she was quite a controversial figure during her day, and I would have enjoyed her company. A selection of her quotes can be found online.
Helen once quipped so relevantly, “Love, the quest; marriage, the conquest; divorce, the inquest,” and today I would like to discuss the inquest as it relates to a supporting spouse’s earning potential to provide some insight into how a dependant spouse might actually get blood from a turnip.
As “Imputing Income in Alimony and Child Support Cases” discussed, N.C. General Statute Section 50-16.3A(b) provides that in determining an amount, duration, and manner of payment of alimony, the court shall consider all relevant factors, including (in relevant part):
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