Intentional Divorce Insights
It may or may not come as a surprise to you that a pension is frequently the largest asset negotiated in a divorce. With that said, it's not a foregone conclusion that you'll have to give up a portion of your pension as part of your divorce settlement. I'm surprised by the number of cases I see in which the parties decide the pension owner will...
Dividing pensions in a divorce can be confusing. For starters, some clients that I see are often confused (even after negotiating their divorce settlement) regarding what type of retirement account(s) they have. In this blog, I am referring specifically to defined benefit plans. Defined benefit plans are retirement plans where the employee...
Many expensive financial mistakes are commonly made when people are going through a divorce. It makes sense. Emotions are running high, and it's common not to want to engage a financial professional if you are already paying legal fees. That said, the cost of a financial professional relative to the amount they can save you in financial mistakes...
What does QDRO stand for anyway?
QDRO, pronounced quadro, stands for Qualified Domestic Relations Order. If part of your divorce settlement includes a division of retirement assets held with a current or former employer, you may need a QDRO (Qualified Domestic Relations Order) or similar document, depending on the retirement plan. A...
Are you losing thousands of dollars due to the financial fears that arise during the process of dissolution or divorce? The cost of the divorce itself is undeniably one of the biggest concerns clients express. There is no question about it. The duration and expenses involved in divorce proceedings usually exceed initial expectations. However, it...