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...
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Divorce
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,...
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...
3 reasons delaying your divorce makes it more complicated
If you and your spouse have decided to get divorced and have already talked about it, many experts advise that you do it quickly. Don't put it off, don't drag your feet and don't delay. Just end the relationship. The problem is that delays can cause complications....
A commingled inheritance may be at risk
Your spouse has asked for a divorce, and he or she is trying to fight for half of your inheritance, which you've already been given. Is it protected, or can you lose it? Generally, an inheritance is safe, especially if you got it before you tied the knot. However,...
Alimony is taxed, no matter how it’s paid
If you're getting alimony payments, don't forget that you have to pay taxes on them. They still count as income. It doesn't matter how you're paid. For instance, maybe your ex was ordered to pay you $5,000 per month, and he or she just shows up once a month with a...
Why is my prenuptial agreement invalid?
The creation of a prenuptial agreement prior to a wedding can save you and your spouse-to-be plenty of stress and heartache should you ever get divorced. This document can cover quite a bit of different items, clearly defining how assets will be divided upon your...
Wife wins court decision in divorce totaling $800,000
A court has ruled in favor of a wife in a divorce worth $800,000, according to reports out of Portland. The decision came from the Maine Supreme Court and it upheld a similar ruling from a lower court. The divorce involved a host of assets, including a lobster...
How to prepare for a child support hearing
Child support is an emotional topic for thousands of people across New York. It can be a combative issue for many people as well. Child support hearings are important in determining how much child support will be paid, by whom, and how often. They will also determine...
Property valuation dates can affect your divorce in a big way
During the division of your marital estate, you need to make sure that the value of all your assets is carefully estimated. The date upon which a particular asset gets valued is referred to as the valuation date. The process of choosing valuation dates for your assets...
