Vesting gives an employee rights to employer-provided assets over time, which gives the employee an incentive to perform well and remain with the company. The vesting schedule set up by the company determines when the employee acquires full ownership of the asset. Generally, non-forfeitable rights accrue based on how long the employee has worked there. […]
Yes, retirement plans are marital assets subject to division to the extent they were earned during the marriage. State laws differ on how to determine exactly what “earned during marriage” means so be sure to check with a local expert. In California the presumption is that any pension plans, 401K balances and other retirement accounts […]
What do you do now? Your divorce is finalized and the financial settlement is clear(ish). How do you take control of your new found financial independence? The first item on our Post Divorce Financial Checklist is “Interview and retain the services of a financial planner.” You may have never done so in your married life so here […]
Spousal support must cease upon the death of the recipient in order for it to be considered spousal support for tax purposes and tax deductible to the payor. Spousal support can be paid after the death of the payor, typically from their estate in some form, but most settlement agreements and divorce decrees state that it will […]
Here is a perfect example of why Wealthy Americans should keep their divorce cases private and out of court. The link included here from the New York Times, Memorandum Order in Hamm Case – NYTimes.com , shows the entire judgment entered in the Divorce of Harold and Sue Ann Hamm. The media is reporting a total settlement […]
