On May 28th, The Crown House (SICounsel’s main location at 297 King Street, in Chappaqua, NY) will host its 8th Annual Memorial Day Celebration. In honor of our fallen American heroes, the Chappaqua Memorial Day Parade marches down King Street, and includes veterans, revolutionary war re-enactors, local and national politicians, area fire and rescue organizations, […]
Money issues are often the source of marital problems that can lead a couple to divorce. By understanding one another’s expectations regarding money and personal assets, i.e. inherited or gifted assets, a newly married couple will start their marriage with peace of mind and open communication. For that reason, a couple should consider a prenuptial agreement […]
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Spring is here but so is tax season. If you are considering divorce or have started the process, historical tax returns have important information regarding income and assets. It is important to understand some of the underlying schedules of the federal tax return which may require a conference with your accountant. If you have doubts […]
Splitting retirement accounts pursuant to a divorce requires a separate agreement, a qualified domestic relations order (QDRO). This agreement may cover a 401(k), 403(b) or a pension plan, must meet specific requirements and must be presented to the retirement plan administrator. Although a QDRO is not needed to split IRA assets, the divorcing parties should […]