Laws
7 pages in this category
Alimony
Alimony is typically around 20-30% the gap in income between the spouses
Custody
Custody is determined by whatever the judge thinks is in the child(ren)'s best interests
Date of Separation
The date of separation is more significant in financial issues than the date of divorce
Equitable Distribution
In most cases, anything earned during the marriage, before separation, needs to be divided 50/50
Hybrid Assets
Use the "source of funds" rule to determine how the asset was purchased
Postseparation support
Postseparation support has a shorter, simpler criteria than alimony
Qualified Domestic Relations Order (QDRO)
Needed if you want to divide a 401k