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The financial devastation resulting from the COVID-19 pandemic spurred the development and implementation of several supportive programs under the Coronavirus Aid, Relief and Economic Security (CARES) Act of 2020. If you or your spouse benefited from any of these programs or provisions and are planning to […]

The financial devastation resulting from the COVID-19 pandemic spurred the development and implementation of several supportive programs under the Coronavirus Aid, Relief and Economic Security (CARES) Act of 2020. If you or your spouse benefited from any of these programs or provisions and are planning to […]

11. Understand Debt Obligations Just because it’s listed in one person’s name doesn’t mean it’s not marital. Also, some states do not divide marital debt if it’s just in one person’s name. 12. Don’t Forget About Beneficiary Designations For best results, handle beneficiary designations and […]

1) Understand the tax implications of each asset As each party negotiates dividing the marital assets, one of the biggest mistakes is not considering the tax consequences of each asset. For example, $1,000 in a bank account is not the same as $1,000 in an IRA, given […]

For simplicity, let’s assume that the wife is the lower wage-earning spouse in the examples below. If a couple has been married for 10 years or longer and they get divorced, the wife is still entitled to half of her ex-husband’s Social Security Retirement Benefits […]