Misunderstanding the Type of Retirement Plan to Be Divided in a Divorce:

Attorney Tabano divorce, marital assets, retirement, separation, social security, support, tax

This is probably one of the most common mistakes in settlement agreements and even final judgments, since often times attorneys prepare the final judgment which the judge simply signs. It often erroneously states “retirement plan” without ever defining the type of plan(s) to be divided. Retirement plans can be defined contribution plans, defined benefit plans or some type of hybrid. …

Tips to Consider when Separating

Attorney Tabano divorce, law, relationships, separation

There may be 50 ways to leave your lover but there’s a heck of a lot more to it than just being creative with the word good-bye. More often than not, the way you handle your exit will determine your ex’s entrance — into your wallet, your circle of friends, and the judge’s predisposition on settlement day. Before you win …

Divorce and Tax Filing Status

Attorney Tabano divorce, law, relationships, separation, tax

Tax law distinguishes filing status because filing requirements, certain credits and above-the-line deductions, tax brackets, and the standard deduction depend on the filing status. Additionally, filing status determines the income threshold for which Social Security is taxed. The main purpose of grouping taxpayers according to filing status is based on the presumption that, with the same income, single people can …

Splitting Up Military Retirement Accounts

Attorney Tabano divorce, law, marital assets, military, qdro, retirement

Today you may not think twice about splitting military retirement benefits during a #divorce. But it wasn’t always that way. A 1981 U.S. Supreme Court decision, McCarty v. McCarty, actually precluded state courts from dividing military retired pay as an asset of the marriage. In response, Congress passed the Uniformed Services Former Spouses’ Protection Act (USFSPA in 1982. This legislation specifically …

22 Divorce Experts Share What They’ve Learned About Divorce –

Attorney Tabano alimony, divorce, law, marital assets, relationships, separation

No matter your status…thinking about divorce, going through a divorce or moving on after a divorce, there will be work to be done on your part. Your own words, actions and thoughts undoubtedly play a role   If you’ve made the decision to divorce your first priority should be creating a process that is beneficial to all parties involved. According …

8 Things No One Ever Tells You about Divorce

Attorney Tabano alimony, child support, custody, divorce, law, marital assets, relationships, separation

 Source: Divorce 360  8 Things No One Ever Tells You about Divorce       When you decide to divorce, it’s almost as if you’ve entered a club with a super-secret handshake…only no one is quite certain how to do it. So we asked the divorce360.com community what  they wished they had known before they decided to file for divorce. From …

Five New School Year Tips For Divorced Parents

Attorney Tabano child support, custody, divorce, law, relationships

The end of summer can be sad, especially for children. It often brings cooler weather, earlier bed times, and of course, school. A new school year brings about a lot of changes that can be both exciting and scary. A new classroom, new friends, new teachers, and even an entirely new school can make even the bravest kids feel nervous. …

40 Secrets Only Divorce Attorneys Know

Attorney Tabano alimony, child support, custody, divorce, insurance, law, marital assets, qdro, retirement, separation, social security, support, tax

The Divorce process is a stressful process that can easily bring out the worst in people. Some people even see divorce as a way to seek revenge on a spouse by seizing money and assets. Although divorce can get you out of an unhappy marriage, it can also milk you for all you are worth if you don’t know your …