Here are some of the most common concerns of the older divorcing client: Limited Income—Many couples stay married because it’s just not financially feasible to split up and have two separate households. And in cases where the clients do want to divorce, figuring how to […]
One of the most often missed topics in divorce planning is basis. Whether we’re talking about the house, stocks or other real estate, knowing the basis is a must when taking on the task of separating property. Consider the following case study. Kris and Brian […]
Normally, distributions made before the participant attains age 59 ½ are called “early distributions,” and are subject to a 10% penalty tax. The tax does not apply to early distributions upon death, disability, annuity payments for the life expectancy of the individual, or distributions made […]
Occasionally we are involved in a divorce case with an individual or couple who is already receiving Social Security benefits. It is important to consider the affect of spousal support payments on these benefits during your divorce financial planning. Social Security Retirement benefits are entitlement […]