Divorce can be a complicated and messy affair or a relatively painless formality. There are four main approaches that couples can take when choosing to dissolve their marriage. These methods include signing a private agreement, attending mediation, undergoing a collaborative divorce, or simply litigating the issue in court. Which approach is optimal depends upon the …
When filing for a divorce, each spouse must create a financial affidavit. This relatively simple document includes information on both spouses’ debts, assets, and income levels. It is designed to provide a baseline for decisions regarding child support, alimony, and asset division. The name of the document and the scope of the statement vary between …
Dividing assets after a divorce may include dividing the proceeds of a retirement plan. Separating the proceeds of a retirement plan is more difficult than distributing other assets. They can have significant tax consequences when drawn down upon earlier than expected. The instructions for distribution and the terms of any division must be communicated to …