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Avoiding mistakes when dividing IRAs in divorces

On behalf of Stange Law Firm, PC posted in Divorce on Thursday, May 17, 2018. When Missouri couples have IRAs and decide to divorce, it is important for them to make certain that they divide their retirement accounts correctly. If people make mistakes, they may face substantial tax liabilities from the Internal Revenue Service. When one spouse will need to give the other spouse funds from his or her IRA, it can only be done in one of two ways. The account holder can change the name on the account to the recipient’s name if all of the IRA will be transferred. The other way

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Joint legal custody for parents

On behalf of Stange Law Firm, PC posted in Divorce on Wednesday, May 2, 2018. Given that the rate of divorce rate in Missouri is above the national average, Missourians are likely aware of the anguish that comes with having to endure custody battles. On the one hand, children often find it emotionally trying to see their parents fight while feeling uncertain about what the future holds for them. On the other hand, not only may parents be terrified that they could end up missing out on a big part of their children’s lives, but they might also be confounded by the amount of

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How to make financial preparations for a divorce

On behalf of Stange Law Firm, PC posted in family law on Friday, April 6, 2018. Getting important financial documents together can be an important first step for spouses in Missouri who are planning to get a divorce. They may want to keep these copies somewhere safe such as in a safety deposit box or with trusted friends. Obtaining credit reports before the divorce is underway gives a soon-to-be ex the opportunity to resolve any errors. A person might also be able to see if the other spouse is abusing a joint account. Establishing personal accounts and credit in one’s own name might also

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Federal Office of Child Support Enforcement announces changes

On behalf of Stange Law Firm, PC posted in family law on Wednesday, March 21, 2018. According to the federal Office of Child Support Enforcement, in fiscal year 2016, 75 percent of the $33 billion collected was through income withholding. For Missouri employers whose employees have been ordered to pay child support, there may be some changes ahead. One concern is that when it comes to verifying employment, some employers are sending these requests on to third-party processors. These processors in turn charge a fee to child support agencies. While the OCSE has been working with all parties in search of a solution, it is

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Making smart financial plans in case of divorce

On behalf of Stange Law Firm, PC posted in Divorce on Tuesday, March 6, 2018. When couples in Missouri decide to get married, they may want to consider creating a prenuptial agreement. This document can specify which property belongs to each individual as opposed to being shared among the both of them and what will happen to shared property if the couple gets a divorce. Another precaution a person should take is difficult-to-appraise property, such as a business, valued before he or she gets married. A couple that is already married can create a postnuptial agreement. This is similar to a prenup but is prepared

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Getting past fear is key to co-parenting

On behalf of Stange Law Firm, PC posted in family law on Wednesday, February 21, 2018. For Missouri parents going through a divorce, the process can seem like a never-ending tug of war with children in the middle. Every parent wants what is best for their child and is usually willing to fight in court to realize that vision. When mediators, lawyers and judges bring up the idea of shared parenting, many people, especially those in high conflict divorces, simply refuse to listen. Although their motives in refusing to consider such an arrangement may be understandable, it might be a disservice to children not

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Prenuptial Agreements Line by Line

Aspatore Books from Thomson Reuters Westlaw

Strategies For Family Law Illinois

Aspatore Books from Thomson Reuters Westlaw

Strategies For Military Family Law

Aspatore Books from Thomson Reuters Westlaw

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