Living in limbo during the divorce process is very stressful and feels like living on a roller coaster, especially if it is a contentious divorce. A good attorney can help guide you through the process; however, they can help you with the emotional part of ending a marriage and learning how to co-parent children with […]
In 2017 congress changed the way military retirement pay is divided. It has been nicked name, the frozen benefit rule. This means that the receiving spouse’s benefit is frozen at the time of the divorce, like taking a picture of the account. This rule does not apply if the service member receives their retirement pay […]
There can be hidden costs when you divide a retirement account during a divorce.
If an agreement is not contained in your final Divorce paperwork then in the court’s eyes, it is not an agreement. Some of the things you should not forget to include: What time and where do you exchange the children Child support amount who is responsible for what expenses for the children How to divide […]
Each retirement plan accumulated during a marriage now needs to be divided because divorce is pending. Just because the same company or government manages doesn’t mean it has the same benefits. For Example, Arizona State Retirement System(ASRS) and Public Safety Retirement System (PSRS) are both plans offered if you work for the government in Arizona. […]
If a married couple wants to end their marriage and agree on how to end their relationship, there is a more straightforward way to get divorced in Maricopa county and soon state-wide. The paperwork required can be drafted in advance and wait 60 calendar days. The Judge will sign the final Decree and mail it […]
The biggest issue in dividing is getting three years of financial documents that are needed to calculate the frozen benefit for active duty members of the military. I need at least three years of financial records to perform the frozen benefit Recommend that you get these records through the discovery during the Divorce process. Information […]
Roll-over accounts need to be listed in a Decree of Dissolution or Property settlement agreement with the account’s name, last 4 digits, name of the account, and how much the person is receiving, either in a dollar figure or a percentage. If the person puts money into the account before marriage, then a calculation must […]
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With the exception of your family home at any businesses you may own, your retirement account will probably be the most hotly contested asset in your divorce proceedings. You may have accumulated tens or even hundreds of thousands of dollars worth of savings and investments with the goal of a stable and comfortable retirement. Divorce […]