Serving Rome, New York residents with legal issues
If you and your spouse have decided to end your marriage, property division and the equitable distribution of pension benefits may be on your mind. In the state of New York, the Majauskas formula comes into play, but are there other pension distribution options to...
If you are working through a divorce, you may have become so caught up in division of assets that you may have overlooked one key source of value in the marriage: your spouse’s pension plan. The only way to guarantee your share of this reward is through a...
Pensions are often a top priority when you are divorcing. The person who was working likely put a lot of time in to get the pension to where it is today. When it is time to divide this asset, there are some unique considerations to think about. One of the most...
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...
The law in New York requires that people who are married divide any pensions that were earned during the marriage. This can be a complex undertaking because of the nature of these assets. It is important to remember that just like other assets, the division of...
As you ask yourself if you are saving enough for retirement, you may find yourself wishing you could compare the numbers in your accounts to what your peers have saved. It would make it easier to see if you're on pace or not. There's one simple problem with doing...
Receiving payments from a pension plan is an effective way to ensure you have enough money to get through retirement. Splitting these payments in a divorce, however, could rob you of the hard-earned benefits if your agreement is not made appropriately. Do I have to...
It used to be quite common for private sector workers to get defined pension plans that allowed them to retire and know that they were financially secure. After putting in enough years for the company, they knew that the company would take care of them after...
While your husband worked, you devoted your life to raising your kids. While the children turned out great, you and your spouse grew apart. Now that you are divorced, you may want to receive a portion of your husband’s pension. If you do not have a qualified domestic...
If you are thinking of getting divorced after you turn 50, you really have to think about your financial future. You cannot afford to make any mistakes. It's important to get it right the first time around, and you must explore all of your options. The problem,...