A QDRO Dictates Division of 401(k) Retirement Plans in Divorce
The division of retirement benefits in divorce is sometimes a difficult undertaking. In an equitable property distribution state, such as Florida, the assets acquired during the marriage are subject to equitable division by the family law court during a divorce. Equitable property division is based on the general idea of fairness. The statute sets forth certain...
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Wife Files Divorce With Emergency Request to Stop Sale Of Assets
Property acquired while the parties are married and living together is generally classified under Florida law as marital property. Marital property is divided in a divorce proceeding according to a concept known as equitable distribution. This means that the court can divide marital property in any proportion that is fair and equitable, considering the needs and...
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Negotiations In Divorce For The Marital Home May Be Complicated
In divorce negotiations, problems can arise when one spouse takes over the marital residence with outstanding mortgage debt. If he or she is not able to get immediate mortgage financing, it may create a difficult obstacle. The problem is that one spouse is now responsible for the mortgage loan under the settlement, but the other spouse...
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