Michael G. Putter Attorney at Law
Experienced Family Law Counsel For Rome, New York, And The Mohawk Valley
Call Today 315-371-1862 Or Toll Free 866-915-4085

June 2018 Archives

Taking your pension: Lifetime payments versus lump sum

You've worked at least 25 years in a profession that offers a pension as a retirement plan. You have decided that it's time to retire. So, what do you do with that pension you've been paying into for most of your adult life? Do you take it all in one lump sum or do you opt for the lifetime payments? This can be a very difficult decision to make in Oneida. Let's take a look at both options so you can make an informed decision.

3 steps to obtaining a QDRO

Going through a divorce opens up many questions about how you and your spouse will adjust financially to your newly single status. Marriage is more than just a union of two lives—it is also a joining of finances, and as such, the separation can get messy. A qualified domestic relations order, or QDRO for short, is one tool that you can use to maintain financial stability in the wake of a divorce.

Married couples should hold joint credit accounts

When you are married, you likely have quite a bit of important documents in both names. These might include your vehicle titles, deed to your residence and even retirement accounts or other financial accounts. There are some married couples who have both joint and separate credit cards. Many don't realize that this can cause quite a problem should the couple head for divorce in Oneida, New York.

Items that cannot be included in a prenuptial agreement

Putting together a prenuptial agreement prior to your marriage in Oneida, New York, can do wonders for your stress levels. If you enter a marriage with a variety of assets, such as real estate, a high income and jewelry, you should absolutely sign a prenup to protect yourself. There's nothing like having to fight for what you earned as an individual when your marriage fails and you wind up getting a divorce.

Explaining the survivors pension in New York

Pensions are important accounts that public employees and members of the military earn during their time employed and while serving the country. These accounts are handed down by the holder to the beneficiary, typically a spouse. There are ways that the pension can be left to a dependent child. It all depends on the situation. If you've never heard of the survivors pension, we will explain it in today's post.

How to prepare for a separation from your spouse

Coming to the realization that your marriage has hit a breaking point is never easy. Even if you've seen it coming, it still isn't easy to admit that there is something wrong. As you seek ways to possibly fix the marriage, you need to prepare for a possible separation and then divorce in Oneida, New York.

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