5 Steps to Take if You Don’t Trust Your Spouse at Tax Time

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 […]

How to Avoid Mistakes Dividing Up 401(k) Assets in Divorce

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 […]

Post-Divorce Money Tips to Prepare for the Next Stage in Life

Once the divorce is finalized, you will have to complete additional tasks related to your finances. It could be as simple as signing up for health insurance under COBRA or changing the beneficiaries of your IRA. More complex tasks may include hiring an attorney to draft a new will, health care proxy and power of […]