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December 2017 Archives

Holidays can be challenging for divorcing parents

For people in Connecticut dealing with divorce or separation, it can be an emotionally draining process at any time of the year. The winter holidays, however, can be a particularly challenging time for people coming to the end of a marriage, particularly parents who are working to share time with their children. Dealing with parenting plans and child custody issues while also navigating family dinners and religious celebrations can add stress to the holidays. However, divorcing parents can take some proactive steps to care for their children's emotions, and their own, during the holidays and on an ongoing basis.

Divorce and splitting retirement accounts

When Connecticut couples divorce, one piece of property they may need to divide is a retirement account. This might be what is known as a qualified plan, including a 401(k), or it might be an IRA or another non-qualified plan. There are different regulations for dividing these types of accounts.

Establishing separate credit histories in a divorce

For many divorcing couples in Connecticut, separating finances can be complicated. Once they are done with the process, however, they'll be able to begin building individual credit histories. If a person has a line of credit with the spouse named as an authorized user, that spouse should be removed. This should prevent the spouse from being able to run up bills in the other person's name.

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Suisman Shapiro Attorneys-at-Law
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