Serving Rome, New York residents with legal issues
Divorce can be a very lengthy, stressful and expensive process. The average person will breathe a profound sigh of relief when they have fully resolved their divorce. Signing an agreement related to property division or getting a final order from the courts may make...
High-asset couples that have acquired valuable property during their marriages often experience major challenges when they prepare for divorce. Dividing their resources can be very difficult. Retirement accounts are among the assets that can be the biggest challenge...
Retirement benefits must often be split between two individuals who are getting divorced. This arrangement may be particularly appropriate if one person has a pension plan or another type of employer-sponsored retirement plan and the other does not possess a similar...
Division of assets during a divorce can be complex. With all the intricate processes and documents, you may end up not pursuing certain things that can benefit you. And one of them is a qualified domestic relations order (QDRO). A QDRO allows an ex-spouse to pay child...
If your spouse has a pension plan and you’re thinking about asking for a divorce, you may be concerned about losing that pension. Many couples plan to retire for decades, so you may have been doing a lot of planning based on this retirement account. If getting...
Your spouse has a pension and it's a very valuable asset. In fact, it is the main fund that you plan to use when you retire. Your spouse has worked at this job for decades in part because they want those pension payments. But now you are getting divorced, so you're...
When you and your spouse have decided that you’re going to divorce, you may need to divide your pension. If you have a pension as a part of your retirement plan, you will need to determine the kind of plan it is actually a pension or if it is a contribution retirement...
If you and your spouse have a number of valuable and/or complex assets that you’re going to be transferring to one another (or maybe just from one person to the other) as part of your divorce, you don’t want to end up having to pay capital gains tax on assets you’re...
Your divorce was undoubtedly a hectic and stressful affair, with settlements to negotiate, court hearings to attend, documents to file and possibly even litigation in court. Even if you were blessed with a divorce that was relatively free of contention, you still had...
A Qualified Domestic Relations Order (QDRO) can help you secure the share of your spouse’s retirement benefits you are entitled to when you divorce. You can take one out at the time of the divorce or can do it later. Does that mean you should mark it as something to...