Justin Raber Attorney at Law


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Divorce Archives

Splitting a 401(k) in a West Virginia divorce

When a couple in West Virginia comes to the difficult decision to seek a legal end to their marriage, they are often left facing several other major decisions. Decisions regarding child and spousal support and what will happen with the family home are obvious. However, a study conducted by the American Academy of Matrimonial Lawyers in 2016 found that issues regarding the division of retirement accounts and pensions were among one of the top three most contentious issues. Many people are unsure of their options when diving such an asset in a divorce.

Harvey Weinstein, Georgina Chapman finalize divorce

A marriage can end for a variety of different reasons. Regardless of the cause, the decision to seek a divorce is often the best option for families in West Virginia. However, cases involving significant assets can be complicated to settle. However, embattled Harvey Weinstein and his estranged wife Georgina Chapman reportedly agreed to the terms of their split recently.

New tax plan could impact West Virginia divorce

When a couple in West Virginia comes to the difficult decision to end their marriage, there are likely many questions that must be answered and issues that must be settled. More than simply dividing assets, couples who are going through a divorce must also examine the tax ramifications of certain divisions. The process can often involve a significant amount of negotiations, but some professionals with knowledge of family law think that the recently passed plan to revise taxes could create additional complications for divorcing couples.

Still searching for the root causes of divorce

As long as relationships are made up of people, there will likely be no way to truly predict the causes of marriage breakups. Nevertheless, scientists, sociologists and other researchers seem to enjoy coming up with commonalities among couples who divorce in an effort to understand how to improve relationships and predict their ends. Psychologists and counselors on the front lines of relationship battles hear many of the same complaints from couples seeking their counsel.

Communication before divorce may ease transition

Couples considering marriage may have long conversations during which they share their hopes and fears about the future. Psychologists and other marriage experts suggest the same thing should happen when a West Virginia couple decides to divorce. Since divorce can bring many life-long challenges, it is wise to enter the process fully prepared, both emotionally and practically.

Watch for questionable financial actvity in a divorce

Ending a marriage in West Virginia or anywhere around the nation can be a time of uncertainty. Difficult questions are being asked, particularly where finances are concerned. Unfortunately, some people going through a divorce may not be totally forthcoming in the answers given. Financial advisors recommend that those going through a divorce pay close attention to detail where money is involved.

Divorce issues: more prenups including lifestyle specifications

Prenuptial agreements are typically developed to address the division of assets should a West Virginia marriage or others around the nation end. However, there are some couples that are beginning to include other issues in their pre-nups. Divorce attorneys report that there has been an increase in the number of lifestyle stipulations included in prenuptial agreements.

Life insurance premiums and alimony in divorce

When a West Virginia marriage ends, one spouse may be required to pay alimony or life insurance premiums for the other spouse. These types of financial arrangements are made as a divorce is finalized. While the monetary expectations are detailed in the divorce proceedings, some questions regarding finances are likely to arise. One specific issue that should be addressed involves whether life insurance premiums can be counted toward the total amount of alimony payments.

Protect retirement accounts in a West Virginia divorce

Many West Virginia residents work for years to save money for their retirement. Whether through individual retirement accounts or company-sponsored retirement plans, money can often be set aside on a tax-deferred basis. However, tax implications can arise should an individual go through a divorce prior to receiving the contributions from a retirement account. Careful consideration should be given to handling these types of accounts to avoid potential problems with the Internal Revenue Service.

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