Individuals who are going through a divorce might have to deal with retirement accounts. These take special consideration because there are significant financial and tax implications if they are mishandled. For any qualified plans, such as 401(k)s, the only way to transfer the asset from one party to the other without having to face those is to have a qualified domestic relations order.
What is a postnuptial agreement and why do you need one?
Few newlyweds exchange their vows with the expectation that their marriage will end in divorce. The start of the marriage is one of the high points in the union but at some point, life will test your relationship. While no one plans to get divorced, it’s no longer an uncommon event.
