This is probably one of the most common mistakes in settlement agreements and even final judgments, since often times attorneys prepare the final judgment which the judge simply signs. It often erroneously states “retirement plan” without ever defining the type of plan(s) to be divided. Retirement plans can be defined contribution plans, defined benefit plans or some type of hybrid. …
Tips to Consider when Separating
There may be 50 ways to leave your lover but there’s a heck of a lot more to it than just being creative with the word good-bye. More often than not, the way you handle your exit will determine your ex’s entrance — into your wallet, your circle of friends, and the judge’s predisposition on settlement day. Before you win …
Divorce and Tax Filing Status
Tax law distinguishes filing status because filing requirements, certain credits and above-the-line deductions, tax brackets, and the standard deduction depend on the filing status. Additionally, filing status determines the income threshold for which Social Security is taxed. The main purpose of grouping taxpayers according to filing status is based on the presumption that, with the same income, single people can …
22 Divorce Experts Share What They’ve Learned About Divorce –
No matter your status…thinking about divorce, going through a divorce or moving on after a divorce, there will be work to be done on your part. Your own words, actions and thoughts undoubtedly play a role If you’ve made the decision to divorce your first priority should be creating a process that is beneficial to all parties involved. According …
8 Things No One Ever Tells You about Divorce
Source: Divorce 360 8 Things No One Ever Tells You about Divorce When you decide to divorce, it’s almost as if you’ve entered a club with a super-secret handshake…only no one is quite certain how to do it. So we asked the divorce360.com community what they wished they had known before they decided to file for divorce. From …
40 Secrets Only Divorce Attorneys Know
The Divorce process is a stressful process that can easily bring out the worst in people. Some people even see divorce as a way to seek revenge on a spouse by seizing money and assets. Although divorce can get you out of an unhappy marriage, it can also milk you for all you are worth if you don’t know your …
Rules to make co-parenting after a divorce easier
Rules to make co-parenting after a divorce easier Adjusting to co-parenting after a divorce can be challenging. Your relationship as a couple is over, but you have to find a way to continue your relationship as parents for the sake of your children. Creating some rules for your new relationship can give you structure and help you stay focused …
10 assets you might forget to include in your divorce
Often the divorcing couple doesn’t remember they have these items, or doesn’t consider them to be assets. When you’re working through your divorce settlement, deciding who gets what, you are likely focusing on major considerations: house, cars, retirement accounts, investments. While these items are clearly important, many other assets are easily overlooked. Often the divorcing couple doesn’t remember they have …
8 Ways To Simplify Your Divorce, According To Attorneys
Divorce, by nature, isn’t easy. Luckily, there are some things you can do that will make the process just a little less difficult. Below, divorce lawyers share their little-known tips. 1. Open a bank account in your own name. “Couples who share a joint bank account should know that either one of them can drain the entire account under the banking laws. …
The Top 5 Mistakes to Avoid When Going Through a Divorce
Are you going through a divorce? You should avoid these very common divorce mistakes which can have long-term effects on your family and financial future. 1. Getting legal advice from friends and family members 2. Interpreting what your divorce attorney tells you as a guarantee 3. Making threats to your spouse 4. Moving or hiding marital funds without the knowledge …
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