Division of assets in divorce includes splitting the equity in the marital house. As I have discussed previously, the fastest, cleanest option is for both parties to move out, sell the property, jointly clear their mortgage and split what is left over. But what if one spouse wants to remain in the house and cannot…
Read MoreDivorce is emotionally dislocating. Your identity, your daily habits, your emotions are all subject to revision. It is not always required, though, that you also change your physical residence. One spouse, most likely, will leave the marital home, but does this mean the remaining spouse MUST sell and move as well? Not necessarily. There are…
Read MoreQDROs: Mistakes in Splitting Retirement Funds A Qualified Domestic Relations Order (QDRO) is the primary way to transfer ownership of most retirement funds to a divorcing spouse. Once you understand that federal law dictates this process, which is administered through your state’s divorce regulations, you should consider some key points as to by whom and…
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