Defined contribution plans sound fancy, but they are the common retirement savings plans you come across all the time during employment. They include 401(k)s, 457s, 403(b)s and Thrift Savings Plans. These plans are typically sponsored by your employer and are called...
Serving Rome, New York residents with legal issues
Michael G. Putter, Attorney at Law
What are my pension rights after divorce?
Divorce is never a pleasant topic, especially when it becomes hotly contested by one or both spouses. Many worry about how the money or assets will be divided during the divorce. One thing that really worries divorcing spouses is the division of pensions. Many wonder,...
Divorce battle of skin care mogul involves $500K ring
The divorce battle of skin care mogul Peter Thomas Roth has taken an interesting turn as his mother has sued his wife for the return of her $500,000 ring. The skin care company, which bears his name, sells "cloud cream" for $52 and "eyelid lift serum" for $85. The...
Division of pensions and QDRO preparation in New York
The division of pensions during a divorce in New York is vital. You don't want just anyone handling this incredibly important part of the process. Your pension is important to your future, and you've worked hard to build it during your career. When you look at the...
An overview of marital property in New York
Marriage is no longer the best option for couples these days. Many young people are deciding to cohabitate instead of getting married. The divorce rate is high and many marriages are failing before they even get off and running. Marital property in New York can be...
What you need to know about QDROs
There is a misconception among divorcing spouses that property division is little more than a two-step process. You discuss who gets what, sign the agreement and that's that. However, there are so many more steps and considerations to take during this process than...
How to appeal and modify a divorce judgment in New York
In most instances, divorce is final. In some divorces, though, spouses will argue over the judgment issued by the court. When this happens, one spouse can appeal the judgment or even request to modify the judgment. Appeals and modifications can be done for divorces...
What does a prenup protect?
If you are getting married, you very well could have money on your mind. You might be planning a wedding, looking to buy a new house or starting your family, which can all be expensive events. However, these financial matters aren't necessarily the only things you...
Think twice before agreeing to give up pension in divorce
Divorce is an emotionally charged event. You might be consumed with feelings of guilt, anger, sadness and loss, and this can make it very difficult to think objectively when it comes to resolving concrete matters. For instance, in any divorce, the marital assets...
What happens to a couple’s debt when they are divorcing?
After making the decision to file for divorce, spouses will have to get a few matters squared away before the divorce can become final and they go their separate ways. Some choose to keep things amicable and negotiate, while others choose to let the courts and state...
