Money Tips for You After Divorce Settlement

Tips for Financial Security After Divorce Settlement Meet with an Lawyer Even if you’re hoping for a simple divorce, you can still benefit significantly from consulting an attorney who specializes in divorce law. A lawyer can be objective, advising you of your rights, obligations and options and walking you through issues surrounding alimony, child custody and a divorce settlement. During this emotional …

How is a 401(k) Divided in A Divorce – QDRO

Dividing a 401(k) in a Divorce – QDRO There are three primary steps to dividing a 401(k) in divorce: the divorce decree actually orders the division, those details are outline in a qualified domestic relations order (QDRO), and finally the plan must be approved by the judge and the plan administrator. Preparing a QDRO is a complicated and technical task. …

Life Insurance and Divorce in Pennsylvania

Life Insurance, Divorce And Support   Obtaining life insurance can become a very important part of your divorce settlement.  Life insurance for intact family situations generally involves the husband and wife obtaining life insurance coverage listing their spouse and their children as beneficiaries on the policy. The surviving spouse receives the death benefit when the other spouse passes away and …

Social Security Benefits After A Divorce

SOCIAL SECURITY AND DIVORCE Marriage is a legal institution with a big impact on your finances, your retirement, and particularly your Social Security. How are your Social Security benefits determined after divorce? Here are some “must-knows” as you consider marriage or divorce. Marriage: The good news On the plus side, anyone who’s married has access to Social Security spousal payments …