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As a result, how retirement accounts are treated during divorce proceeds can vary widely from state to state. If you […] The post I'm Getting Divorced This Year at 55 With $800k in a 401(k).
The minimum withdrawal age for a traditional 401 (k) is technically 59½. That’s the age that unlocks penalty-free withdrawals. You can withdraw money from your 401 (k) before 59½, but it’s ...
According to financial advisor Jeff Rose of Good Financial Cents, cashing out a 401(k) early can feel like a major setback; but, with some strategic moves, it is possible to rebuild your savings ...
The state of New York is one of the states which allow the possibility of an at fault divorce. In this case, one party accuses the other of a wrongdoing (the "fault"). The other party may or may not contest. In the past, the parties might use the at fault grounds to obtain a mutually desired and agreed upon divorce: they can agree to an ...
On November 19, 2016, the United States Bankruptcy Court for the Southern District of New York approved a global settlement – made in cooperation with the California Attorney General - with the defendants in Picard v. the Estate of Stanley Chais, et al. The agreement was made with the Stanley Chais estate, Chais’s widow, children, and a ...
The U.S. state of New York enacted bail reform, in an act that stood from January to June 2020. As part of the New York State Fiscal Year (SFY) Budget for 2019–2020, passed on April 1, 2019, cash bail was eliminated for most misdemeanor and non-violent felony charges, including stalking, assault without serious injury, burglary, many drug offenses, and some categories of arson and robbery.
Marital Property Settlements and Taxes. In all ordinary cases, spouses do not owe any taxes for property transfers due to a divorce. This is controlled by two sections of the law: U.S. Code ...
Divorce is governed by the Marriage Code of 1987. Chapter 5 of the Code provides for the grounds of divorce. The laws regarding maintenance of spouses after divorce are set out in Chapter 6. Procedures for divorce come under Chapter 14. Other provisions regarding the child custody and child maintenance are set out in the Children and Parents Code.