A defined contribution plan is an important part of a person's finances and needs to be protect when headed for divorce. Before you even consider divorce, you need to know how you can make the most of your defined contribution plan so it works for you in retirement...
Serving Rome, New York residents with legal issues
Michael G. Putter, Attorney at Law
How to reduce the stress associated with divorce
Divorce is no longer taboo, but it still comes with quite a bit of stress for all parties involved. You don't want to suffer through the process, which can become quite long and drawn out if there are a lot of issues that arise. Here are some excellent tips for...
Basics of pension benefits division during divorce
In New York, the property subject to equitable distribution in a divorce may include pension benefits. Generally, the specific type of retirement account will not matter as distribution includes all kinds of plans. Calculating the portion of the benefit subject to...
Divorce questions: Can I keep my ski lodge?
Your ski lodge is your prized possession. On a weekend, any time of the year, you can escape your normal routine to spend a weekend in the mountains. If it's winter, you get to ski. If it's summer, you get to hike and go kayaking. You've had your ski lodge for 15...
Are qualified domestic relations orders necessary?
If you and your spouse choose to divorce after being married for a significant number of years and either of you has built up a sizable pension, the pension may face a complicated process of division when it comes time to negotiate a divorce settlement. Dividing...
Divorce legal issues to discuss with your attorney
As a marriage comes to an end, the legal issues of divorce move to the forefront as both spouses prepare for the process. Whether you are headed for a contested or uncontested divorce, it's always smart to enlist the help of an experienced divorce attorney. You will...
More older couples choose to simply live together
More older couples are simply choosing to live together late in life instead of getting remarried with their newfound love. The Pew Research Center says that the number of people over the age of 50 who cohabit has jumped by 75 percent between the years of 2007 to...
Benefits of a prenuptial agreement in New York
A prenuptial agreement can make life much easier for couples that are headed for divorce. It's difficult to look into the future, and it's easy for someone going through divorce to say that they should've had a prenup when they got married. Prenuptial agreements can...
Understanding insurance and divorce
While you are splitting your home, assets, time with your children and even your friends, one thing that is often forgotten is the necessity of changing insurance plans during the divorce. From auto insurance to life insurance plans, divorced couples must make several...
Ex-wife of deceased NFL player can pursue pension benefits
The ex-wife of a deceased NFL player can pursue his pension benefits, according to the ruling of a federal judge in Massachusetts on April 18. A motion to dismiss a lawsuit filed by the ex-wife of a former New England Patriots player by the Bert Bell/Pete Rozelle NFL...
