Obtaining a divorce judgment closes one chapter of a person's life, and it also opens another. It is important to be prepared for that new chapter. One of the essential matters I counsel my clients about, early in the divorce process, is the absolute necessity of updating an estate plan to reflect the change […]
401k, beneficiary designation, divorce, divorce attorney, divorce judgment, estate plan, estate planning attorney, living trust, pension, retirement benefits, retirement savings, willYou’ve worked hard your entire adult life and have diligently saved money for retirement. It’s a good nest egg and a good start to a great retirement. Along comes a divorce. My retirement is safe from division because I worked and earned that money, right? That money’s mine, right? Wrong! In Michigan, your retirement […]
401k, court, division of retirement assets, divorce, employer, equity, ex-spouse, marital home, plan administrator, QDRO, Qualified Domestic Relations Order, retirement, retirement accounts, work