Timothy Sumer

LOOKING FOR HELP? DIVORCE AND YOUR MONEY: PODCASTS: SUBSCRIBE: "Lot’s of times agreements we get are drafted and signed by a judge, and they call for something that can’t be done. It is legally impossible.” - Michael O’Connell, QDRO Solutions   "People will contact us and say 'Well, I’m supposed to get part of my husbands 401k but I don’t know what the name of it is.’ That is very important, to get that form filled out, make sure they know the name of the plan that’s going to get divided, and the company, and the plan administrator, and if they don’t know at all at least give us as much information as they can so that we can research the rest...They send a package to us and we charge a flat fee. “ - Donna Dodds, QDRO Solutions   A retirement plan is often one of the largest assets that you may have during divorce. Unfortunately, also one of the most complicated assets to split. As today’s interview guests said, “Every plan is different, every plan administ...

LOOKING FOR HELP? DIVORCE AND YOUR MONEY: PODCASTS: SUBSCRIBE: When you are planning to file for divorce from your spouse, you need to be prepared for the initial costs of hiring an attorney and other experts to handle your case. Putting money aside to cover some of the expenses related to your divorce can be a tricky endeavor. Particularly in situations where your spouse may handle the finances, you should have a few tricks at your disposal, so that you can put some of those funds aside to cover your expenses.   If you consult with a divorce professional and pay with funds from your joint account, your spouse will see the transaction. How can you get around a spouse who notices the money that flows in and out of your joint bank account?   Here are a few clever ways that you can begin to stash cash out of the view of your soon-to-be ex:   1) Shopping presents several ways to hide cash from your spouse. For instance, put small amounts on gift cards while do...