It might be that you have some idea of what a prenuptial agreement is, but you aren’t sure what it entails or why you should even consider one.…
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You’re probably not thinking about health insurance during divorce, but as your lifestyle changes, so will your insurance needs. There are a few ways that divorce can impact…
In this guide, I’m going to walk you through how to handle Restricted Stock Units (RSUs) in a divorce. So if you or your spouse has RSUs, you’ll…
This is the ultimate guide to understanding how military benefits are handled in divorce. What are the military benefits? How is retirement pay divided? What are the pitfalls to steer clear of? We’ll cover all this and more in this complete guide.
Divorce can wreak havoc on your credit. But that doesn’t have to be the case. Check out our actionable tips for protecting and rebuilding your credit during and after divorce.
What does a Certified Divorce Financial Analyst do? How much does it cost? Do I really need one? How can I find a CDFA near me? This guide answers all those questions and more.
Do the same rules that apply to private sector employees also apply to federal employees and retirees? No. Court orders that affect private sector pensions are generally governed by the Employee Retirement Income Security Act (ERISA) or IRS regulations. The Civil Service Retirement System (CSRS) and the Federal Employees Retirement System (FERS) are governmental plans which follow federal regulations and are exempt from ERISA.
What is a QDRO and how does it work? If you or your spouse have retirement accounts or pensions, you will likely need a QDRO. In this guide, I’ll walk you through the most important things you need to know about QDROs (process, cost, common mistakes, and more).
Pensions, IRAs, 401Ks and retirement plans are considered marital property in virtually all states. This means they must be divided equitably in a divorce. Depending on how a division of assets is negotiated, it may be possible to keep a larger part of a pension in exchange for giving up another asset of similar value. Often, this might be ownership rights in the family home.
The first thing that must be established is whether the pension is a defined benefit or a defined contribution plan. Once this is determined, then a valuation date must be established. The value of a defined contribution plan is simply the balance of the account as of a given date. However, the characterization of the account (community vs. separate property) requires a detailed tracing of the account from marriage through separation.