Michael G. Putter Attorney at Law
Experienced Family Law Counsel For Rome, New York, And The Mohawk Valley
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April 2019 Archives

Stress reduction suggestions for single parents

Trying to make a new life for yourself isn't always easy. In fact, it can be downright hard, especially when you have children counting on you to be there for them. When you transition from being a two-parent home to a single parent household, you have to find new ways to make things work. Consider the below suggestions as you try to reduce your stress so you can be the best parent possible for your children.

Statement balance versus value of pensions

Dividing pensions is one of the more difficult aspects of property division in a divorce. In some cases, this matter involves more than one step. Not only do you have to divide the other marital property in the divorce, you also need to have the valuation done on the pensions. This is one thing that divorcing individuals might miss.

Divorce impacts debts and potentially your credit

Most people think of the marital assets when they are considering property division during a divorce. They tend to forget that someone has to pay the marital debts. These have to be split up during the property division process, but it might not be as easy as you think. Oftentimes, these are used to balance out the asset division to make it more equitable.

2 areas of divorce that might invoke strong emotions

The process of divorce isn't one that is fast. You should plan for this to take time when you are trying to make plans for your future. Typically, it is faster if the parties can negotiate to come up with a settlement, but it is possible to have the court make those decisions if necessary. Having to go through a trial is often less desirable because it takes longer, requires more preparation and costs more.

What is a QDRO, and do you need one for your divorce?

Every part of divorce is complicated, and each party must abide by numerous rules. Failing to complete the process properly can result in a negative outcome for one or both spouses. One such area is the division of marital property. It often comes with much contention and requires transparency and compromise.

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