There are always challenges to co-parenting after you and your ex-spouse have split up. When one of you moves away, it can be even more difficult to coordinate visits with the children. Additionally, if your children live with you most of the time, you may feel...
Serving Rome, New York residents with legal issues
Michael G. Putter, Attorney at Law
What happens when an alternate payee passes away?
A qualified domestic relations orders, or QRDO, stipulates that a pension plan has to be split between the participant and an alternate payee. This is done to divide pensions after a divorce. For example, perhaps one spouse gets a pension of $2,000. Though every case...
5 reasons why it may be unwise to keep the house
Heading into divorce, your top goal is to keep your house. It's your refuge. It's where you're comfortable and relaxed. You've lived there for decades, and it's truly something you think of as your own. You can't imagine living anywhere else. While every case is...
What is the Majauskas Formula and how does it work?
You and your spouse are getting divorced in New York and you need to split up your pension. You know that your spouse is entitled to some of it, but how much? The court can use different formulas to reach a decision. For instance, some couples just agree on a flat...
The date of separation could be critical in divorce
You and your spouse are getting divorced. However, it's hard for you to even think of this as the "end" of your marriage. After all, the relationship ended a year and a half ago. You decided to take a temporary break for a month. That month turned into half a year....
A later-in-life divorce can lead to retirement issues
Getting divorced later in life can be problematic when it comes to retirement. The issue is simple, according to one financial expert. People have been planning and saving for decades. They expected to live off of all of their savings and benefits. With the divorce,...
What is the average retirement income?
You and your spouse are going to divide your pension, and so you're trying to plan for the future. How much will be left for you, and how much do you need? What is the average for people in the United States? One study looked at Census Bureau data and determined that...
What causes divorces to drag on?
Ending a marriage is a painful and stressful proposition, made all the more difficult because of uncertainties. Many couples are reluctant to pursue a divorce because they fear it will drag on forever. Fortunately, many couples are able to finalize the...
Divorce, adultery and the division of assets
In a marriage, adultery is considered the ultimate betrayal, and it sends many couples heading for divorce court. Often, one person feels severely wronged, as his or her spouse has just been unfaithful to the marriage. That person often wants "justice" and expects to...
Does that pension have a lump sum option?
You know that a Qualified Domestic Relations Order (QDRO) can be used to divide a pension after you and your spouse decide to call off your marriage. If your spouse is earning $5,000 per month, for example, you may be able to get a portion of that sent directly to you...
