It all started well! Two people meet and fall in love. They foster dreams of sharing an amazing future together. Unfortunately, this doesn’t always have a happy ending and a decision to move on needs to be made. But the prospect of divorce can be lengthy and costly to say the least. Take heart, there are options. […] READ MORE
You and your soon-to-be ex-spouse have both saved and invested for the long-term within retirement plans, accumulating sizable nest eggs. But what is going to happen if you should become divorced? Will will own the assets and how? In a divorce, the former spouse and dependents may be entitled to a portion of the retirement […] READ MORE
Most states recognize a distinction between marital property and separate property. In a divorce, marital property is divided between the spouses, and separate property is not. So how do you know what is marital and what is separate? State law differs on this, but there is a general framework that is usually followed. Separate property […] READ MORE
Nothing like a little foresight to protect yourself! Even a mutually agreed upon divorce can turn ugly when the issue of money arises. When the process of litigation can run up the legal fees quickly, financial pain for both of you is not far off. Preparing Well: While a peaceable divorce can be a simple division of […] READ MORE
Getting divorced is a major financial transaction not to be taken lightly. As such, it can have serious tax implications, including some pitfalls you’ll want to avoid. This is especially true when it comes to splitting up tax-favored retirement accounts between you and your soon-to-be ex. You’ll need to plan ahead to make sure the […] READ MORE