A long-term marriage has unraveled. Both spouses contemplate their financial future and have many legitimate concerns. When a marriage lasting years or decades dissolves, courts commonly award alimony to the spouse in need. Judges do not grant alimony to short-term partners or significant others.
When making a mental inventory of the assets you expect to be included in your property division proceedings in Cranberry Township, you likely failed to include your 401k. Remember that the money used to fund your 401k comes largely from your income, which makes any contributions made to your account during your marriage subject to property division. Yet how can you share assets from your 401k with your ex-spouse without having to deal with those hefty early withdrawal penalties?
Often, people think of older adults when they picture the type of person who sets up an estate plan. However, estate planning can offer a number of benefits for college students (as well as their parents) and these plans can be very helpful for people at a younger age. Whether you are currently attending college, plan on starting in the fall or have a child who is in college, it is important to look into the benefits of setting up an estate plan and take action if you are interested in the perks associated with estate plans.
When it comes to your impending divorce, you will have a lot of questions you will need to ask your Pittsburgh attorney about what is to come. Make sure that your marital debt is one of the items near the top of your list of inquiries. If you are not careful, you might find debts that you currently share with your spouse can cause you major trouble down the road.