Even if your marriage ended more than 20 years ago, the ex-spouse could be entitled to a portion of your retirement funds through Social Security. At the time of your divorce, the decree would have specified what retirement assets should be split between the two spouses, but you should also be aware of how your former marriage might impact Social …
Don’t Forget These Marital Assets in Your Divorce Settlement
Divorce marks the end of one chapter of your life and the beginning of another, and odds are, you’ll look back at this time and see it as a positive turning point in your life. However, before you achieve that perspective, there’s plenty to go through – and much of that comes down to finances. Financially speaking, divorce is mostly …
How to divorce a missing spouse
Missing Spouse Divorce A divorce usually starts with the filing of a divorce complaint or petition for divorce. Once the complaint is filed by one spouse, the other spouse must be notified of the action. That notification is called “service of process,” or simply “service.” Each state has its own rules regarding service, and most offer a number of options for serving the …
American Divorce Trends and Divorce Statistics
AMERICAN DIVORCE TRENDS AND STATISTICS There is one divorce every 36 seconds in America, and some surprising trends around those numbers. According to the family law attorneys at McKinley Irvin, you’re more likely to get divorced if: You commute more than 45 minutes to work You live in a red state You lived together before getting married You check social media a lot You didn’t …
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. …