A QDRO or qualified domestic relations order gives a former spouse access to retirement plan interest in a divorce. Interest in a retirement plan can not be administered to someone other than the plan participant without a court-ordered QDRO. This may require...
A qualified domestic relations order, or QDRO, is a specialized court order that may be part of a divorce case. The purpose of a QDRO is to divide a financial retirement account. Even though you have a judgment of divorce, it is also important to have a QDRO to...
In a divorce, retirement accounts are often some of the largest assets. When one of the spouses has a pension, that pension may be included as a marital asset that must be divided equitably between the parties. In New York, the courts typically use the Majauskas...
There are many potential benefits to negotiating a prenuptial agreement regardless of how wealthy you are prior to getting married. However, if you aren't able to come to terms to such an agreement, it may be possible to craft a similar arrangement after the wedding...
In the state of New York, joint assets are divided in an equitable fashion when a marriage is dissolved. In most cases, a retirement account will be considered a joint asset even if your spouse's name was not on it. Let's take a look at what you need to know about...
A concern for New York parents who get divorced is how to continue raising their children in a loving, supportive manner. They worry about their children’s reactions when the parents are no longer living together. One of the options that has been viewed as a positive,...
Going through a divorce in New York can be difficult, and what's even more confusing is trying to figure out the role of spousal support payments. This type of financial support is often a cornerstone of divorce, making it important to at least learn the basics....
People from wealthy families often use prenuptial agreements to protect their assets, but these legal documents are becoming more popular even among younger New Yorkers without generational wealth. As a millennial, you may benefit from a prenuptial agreement because...
When they start writing their will, many New York residents are faced with the difficult decision of dividing up their assets between their children and their spouse. They don't want to leave their spouse with nothing, but their children might need the money more than...
Couples headed for matrimony likely look forward to a lifetime with their spouses, so why should they meet with a divorce attorney before getting married? Setting up such a meeting could make sense as a preparatory measure. Many marriages in New York end in divorce,...