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July 2018 Archives

Dealing with inherited IRAs during a divorce

Individual retirement accounts have long been an important asset and bargaining chip for divorcing spouses in New Jersey and around the country, but there are no regulations, official rulings or Internal Revenue Service guidelines dealing with how inherited IRAs should be handled during property division talks. However this has not prevented family law judges from approving divorce settlements that divide inherited IRAs, and IRA custodians, who may not wish to defy a court order, are complying with the provisions of these agreements.

Consider the kids when creating a parenting schedule

When it comes time to develop a parenting schedule, exes in New Jersey should recognize that the process is for the children. Parents should do their best not to make it about their own conveniences. Furthermore, the process shouldn't be about getting revenge on an ex or winning a battle.