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

August 2018 Archives

Consent required when changing retirement account beneficiary

Retirement accounts are some of the biggest benefits of employment. Many companies will do all they can to match the contributions of their employees into retirement accounts. Some will go above matching the contributions as a way of enticing candidates to accept job offers. Let's take a look at how you can change the beneficiary of a retirement account in today's post.

Ups and downs of alimony under The Tax Cuts and Jobs Act

Many high-asset couples may be looking at The Tax Cuts and Jobs Act and thinking that it seems one-sided, taxing the payor of alimony and providing support money tax-free to the receiver. In truth, the law could be financially beneficial to both parties under certain conditions, or it could be unfavorable for both in other situations.

New report says divorce costs $2,000 more with student loans

A new report claims that it can cost you $2,000 more to get a divorce if you have student loans in your name. It seems as though having student loan debt is becoming a big reason for couples to get divorced these days. Now, add on the notion that it can lead to higher divorce costs,and student loan debt is really taking a toll on some people living in New York.

Debt doesn't go away when a divorce is finalized

If you are working towards a divorce in New York, there's something very important you must understand: Debt does not go away once the divorce is finalized. Take a minute to let that sink in. You will still be responsible for the debt that was accrued during the marriage. This can be quite the shock to some people, especially those who are stuck paying it all back because their former spouse refuses to do so.

Explaining alternate payee of a qualified domestic relation order

Alternate payee is a term that has been used for quite a while now and it isn't going anywhere anytime soon. This term is used when discussing pensions and who can qualify to receive the benefits of your pension when it comes to a Qualified Domestic Relation Order (QDRO). Let's take a look at the alternate payee so you can understand what it's all about.

Stay insured after divorce using spousal support

Going through a divorce is a stressful situation. It becomes even more stressful when you realize you will no longer be covered by your former spouse's insurance policies. All of the coverage you had is now no longer in effect. That's why you need to use any spousal support you receive to remain insured after the divorce goes final.

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