How are marital debts satisfied?
A. Normally any debts that were accumulated during the marriage must be apportioned between the parties. Q. Are pensions subject to equitable distribution in a divorce? A. Pensions are subject to equitable distribution. Q. How can you divide a pension? A. There are several ways to handle a pension. Usually you will need to hire an appraiser to value the pension. Sometimes it’s easier to take the value and offset it with another asset. For example, if the other party is entitled to $25,000 of your pension, you can offer a $25,000 cash payment instead. If you do need to divide the pension, a Qualified Domestic Relations Order, commonly called a QDRO must be prepared to split up the pension. Q: How is custody decided? A: If both parties cannot reach an agreement on child custody, the court will make a custody ruling based on what it determines to be in the best interest of the child. However, I find that it is best if the parents come together to work out an arrangement. Q: How is child s
