Topic: Equity | 4 post(s).
December 16, 2021 - {4 minutes to read} The most typical way a pension is divided would be through a Qualified Domestic Relations Order (QDRO). A QDRO provides that, at retirement, the marital portion of the pension will be divided in the way that you have agreed upon in your Separation Agreement, usually 50%. The marital portion is the part that accumulated during the marriage. But you’re in mediation, so you don’t have to do what is typically done. Especially if the QDRO does [...]
July 10, 2019 - {3:30 minutes to read} In my last video, I promised some creative win/win options that you could take when it came to the division of your home. Since they could be a little complicated and hard to follow, I thought it would be better to present them in a written blog. Can’t Refinance Right Now Let’s say that you both agree that there will be a buyout and a refinance, but it will take some time for the “buyer” to qualify for a loan [...]
February 5, 2019 - {3:30 minutes to read} My knowledge of bankruptcy law is based upon what I learned in law school a very long time ago, and several Continuing Legal Education (CLE) seminars I’ve attended. I know enough to recognize what I don’t know, and when to suggest that clients consult with an experienced professional before we get involved in the mediation. If they decide to go forward with the bankruptcy first, they will have the benefits of: Less expen [...]
April 28, 2015 - {3:30 minutes to read} To some, including me, the equity in a house is just like any other asset. I have never been attached to a home in the sense that I felt sad when it was sold. I recognize, though, that it was always my choice to move on. I’m not sure how I would feel if the choice wasn’t mine to make, or if it came at the same time as getting a divorce. It is that sense of continuity and wanting something that is familiar to remain the same after the d [...]