Posts Tagged ‘Divorce Planning’
What’s a Qualified Domestic Relations Order (QDRO)?
A Qualified Domestic Relations Order — commonly called a QDRO (pronounced “quad-row”) is a court order most commonly used when a couple divorces that provides an ex-spouse with some ownership (usually 50%) of the other spouse’s retirement plan. For example, if the husband has $400,000 in his 401(k) account, the QDRO would call for the…
Read MoreWhat Does the Term “Out Spouse” Mean?
The term “out spouse” is commonly used by family law and divorce lawyers. When a couple is getting a divorce, sometimes both spouses have been involved equally in the financial decisions throughout the marriage. Maybe one paid the bills and worked with the CPA on the taxes while the other was in charge of investing…
Read MoreDivorce Planning: 8 Common Forms of Divorce
Once you make the decision to divorce, you begin the process of dividing the property, working out support payments, and dealing with children’s custody issues. Sometimes these things can be worked out between divorcing spouses and sometimes they require help from outsiders. The following are eight common options when it comes to divorce, and…
Read MoreDivorce Financial Planner: 5 Step Financial Action Plan
A Post-Divorce Action Plan from a Divorce Financial Planner You have just gone through one of the most challenging and difficult periods that a woman can experience in her life – a divorce. While many things may still be in up in the air, one aspect of your life that you should make sure you’re…
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