If you’re going through a divorce or legal separation, and you or your spouse have retirement accounts (IRA’s, 401K’s, Pensions) that need to be divided, you will need to hire an attorney to prepare a Qualified Domestic Relations Order, more commonly known as a QDRO, and have it filed with the Court. A QDRO is
What does “Community Property” mean? In the state of Arizona, all assets acquired during the marriage, by either spouse, are presumed to be community property. “During the marriage” is defined as the period from the date of marriage to the date of service, or the date a spouse is served with a Petition for Dissolution
from How Retirement Benefits are Divided in a Divorce: Arizona Community Property Laws
If you’re going through a divorce or legal separation, and you and/or your spouse have retirement accounts, you’ll likely hear something from the court or your attorney about a Qualified Domestic Relations Order, more commonly known as a QDRO. QDROs are the orders that direct the parties and the Plan Administrator(s) of their retirement account(s)
from What is a Qualified Domestic Relations Order and why do I need one?
Divorces are always trickier when there are larger assets involved, and this is especially true when one or both spouses have a lot of money. In high net worth divorce cases, there is more of a push to ensure that everything stays fair, more complex calculations to make for the division of these assets and
The division of assets and debts is one of the key issues presented during divorce trials. Due to their inherent nature of sometimes confusing facts and figures, the division of assets and debts is often a confusing, stressful process for the parties and the Court. However, it doesn’t need to be. Below we’ve compiled some
A Motor Vehicle Beneficiary Designation is a form that you can complete, provided by the Arizona Department of Motor Vehicle, that allows you to designate the person or persons you want to inherit your vehicle upon your passing. There are several benefits to completing a Motor Vehicle Beneficiary Designation: It can cause your estate to
It’s a brand new year, and planning for the future and setting resolutions is at the forefront of most of our minds. Estate Planning is one of those things that’s easy to put off because it can seem intimidating or difficult to understand, but it is one of the single most important tools to having
Income from employment can come in many different shapes and sizes. An employee may receive stock options, restricted stock units, or other benefits from their employer as a form of compensation. Stock options and restricted stock awards give the employee a chance to purchase the company’s stock at a pre-determined price at a date in
Going through a divorce can often bring out the worst in people. Many people go into “panic mode” and make irrational decisions, ones that they would never make in any normal circumstance. Going on a sudden spending spree or trying to hide money or assets upon the filing and service of a divorce can hinder
In this article, we’re going to share ways for valuing businesses during a high net worth divorce. In this day and age of entrepreneurs, a spouse may own or operate their own business, may be a partner in a business or professional practice, or both spouses may have started and owned businesses together. Owning and
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