Alimony is an important protection for some divorcees. If you are divorcing, it might be something you're looking into seeking, too. Do you know how it's determined? Do you have any idea about how much you need?
Getting a divorce in Connecticut may be a frustrating and challenging time in your life. It's hard to imagine years of your life with another person coming to an end, but if that's what you're going through, then you deserve to do all you can to protect yourself and your interests.
Divorces can be frustrating, tedious and time-consuming. There is a potential that nothing you say or do will help you and your spouse come to an agreement on anything from child custody to property division. It's a bad feeling, but in some cases, divorces simply have to go to trial.
When you're divorcing with children, it's a smart choice to start talking to your kids about what to expect early on. From toddlers to teens, every child deserves a chance to understand what's happening in their lives.
Domestic violence is something that no one should joke about. Sometimes, claims of violence are used to put a mother or father at a disadvantage in a custody case, making them look as if they've harmed their children or spouses.
Connecticut is one of the many states that has a no-fault system. That means that you don't need any specific reason to divorce other than irreconcilable differences. This is great for people who feel that they've grown apart or just no longer want to be together.
Divorces don't always go as smoothly as one might like. One minute, you may feel like you're on top of everything and that the divorce is going as planned, and the next minute, your spouse could be seeking something different from your marital property or be fighting for more custody than you're comfortable with.
If you plan to take money out of a retirement plan with a QDRO, you should know that there is a 10 percent plan penalty. However, it's sometimes possible to withdraw money from the plan prior to retirement.
If you're divorcing a spouse who has considerable assets, they may propose paying you spousal support in one lump-sum payment as opposed to making monthly payments over a period of years. People often prefer (if they have the means) to do that just to put the divorce -- and their spouse -- behind them and move on. They're often able to negotiate a lower amount of spousal support overall by offering a lump-sum payment to their estranged spouse.
If you are getting a divorce, one of the things you may need to deal with is a qualified domestic relations order. This is also known as a QDRO. A QDRO is a court-ordered judgment that tells a retirement plan to pay for a former spouse's child support, marital property rights or alimony. Essentially, it is the order that shows how to divide retirement benefits. This order is delivered to the companies that hold the retirement funds for distribution.