“Will my spouse be entitled to some of my pension after our divorce? If so, can I prevent this?” To begin answering these questions, one must first define terms. Retirement plans can be broken into two different categories: Defined Contribution Plans and Defined Benefit Plans. Defined Contribution Plans, such as a 401(K), are defined by […]
Financial Issues
Can I make my spouse sign a joint tax return if we divorce? We live in California.
Once the divorce is final, you are no longer married and therefore you may no longer file a joint tax return. Even if you were married the entire year and you divorced on December 31st, it causes you to be ineligible to file a joint tax return for that particular tax year. Depending upon the […]
Tax Tips and Traps in Divorce
Here are two topics you’d probably rather not think about: divorce and taxes. If you’re separated or newly divorced, however, it could be worth your while to get some good financial advice about both.
How can I protect my interest in our retirement accounts?
Our savings are mostly in retirement accounts in my spouse’s name with his employer. How can I protect my interest in these accounts now that we’re getting divorced?
The Unlucky Housekeeper
Couples must work together with their attorneys to find creative solutions to resolve the many issues surrounding the marital home.
WATCH: Is my pension subject to property division?
A pension plan is a marital asset, subject to sharing as part of the marital property in divorce law. A capitalized valuation of the pension must be done; this usually requires the assistance of a pension valuator. The figure the valuator arrives at is placed into the calculation of the assets, debts, and liabilities of […]
I’m concerned that my spouse is hiding income and assets to manipulate the financial results
If you think your spouse may be attempting to hide income or assets during your divorce proceeding, your first step should be to tell your divorce attorney. Your attorney should know how to handle situations such as this, and the sooner he or she can act, the more likely you are to see results. You […]
What do you suggest someone does if they believe a spouse is hiding assets
Well, as in a lot of areas, in family court knowledge is power. When you consult with an attorney prior to any kind of separation or anything, one of the questions that you should be prepared to ask is what type of documents you need in order to be able to prove what your financial […]
Our house is an under water property
Our house is an “under water” property and it’s the main reason my spouse and I haven’t moved forward with a divorce. We just can’t stand living together any longer and we want to get on with our lives. Do you have any suggestions as to how we can do so?
Is it a better financial decision to take my divorce settlement money in a lump sum?
I am expecting to receive some money from my divorce settlement. Is it better to get it in a lump sum or over time?
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