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Divorce Archives

How do you split retirement savings during divorce?

It's one of the hardest things to do: splitting up your retirement savings during divorce. Much of what you have saved up to this point may be subjective; the funds are there now, but will they be there in the future? Retirement accounts often rely on the stock market, investments and factors that could vary from day to day.

3 reasons to update your estate plan during divorce

You might think that a divorce is the worst time to start focusing on your estate plan, but, in reality, it's one of the best times to begin. When you get a divorce, many things change. Addressing those changes in your estate plan is a good start toward protecting your beneficiaries.

Digital spyware and tracking a gray area in divorce

Nothing is more infuriating than finding out that your spouse, who claimed he'd be home by 9 p.m., is out drinking at 3:00 a.m., hours later. Over time, broken promises and concerns about your relationship could lead to a divorce, and situations like the above could be evidence toward proving that your spouse made some serious mistakes.

Divorce is costly without worrying about your spouse's debts

Your divorce is costly enough without having to worry about being left with debt from your ex. If you're not careful, though, you could end up paying back money you never owed to begin with. Whether it's credit cards, a car loan or student loans, you need to know what to look out for to make sure you don't end up with unfair debt in your name.

Do you have to stay in contact after a divorce?

After a divorce, you may wish to cut all ties with your former husband or wife, but you might have to wait a little while longer. Although the strain of a divorce is hard on you and your ex-spouse, it's still a good idea to have a way to reach him or her for tax-related or child-related purposes.

How long can I receive alimony?

While a couple is married, especially if the marriage has lasted years, the spouses get used to a certain standard of living, and one of them may have given up their jobs. So, when the marriage ends, one of the spouses, generally, the one who no longer is active in the workforce, will have problems maintaining the same standard of living. One of the ways courts rectify this financial imbalance is by ordering one partner to support the other through alimony payments.

Divorce Attorney Gets His Money's Worth

A man who was going through a divorce in New York hired attorney Richard J. Barrett to represent him in Staten Island. Unfortunately for the client, he didn't realize his attorney would be taking much more than the typical attorney's fees. Attorney Barrett took a check from his client for $125,000 that was meant to be given to his client's wife as part of the divorce settlement. However, when the wife received a check for that amount and tried to deposit it in her bank account, it bounced. Another attempt was made in May, but the account was found to have been drained completely. Barrett was arrested in early August after being charged with second-degree grand larceny, second-degree criminal possession of stolen property and issuing a bad check. He is scheduled to appear in court again in October.

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