Divorce

We are empathetic for this difficult time and are here to help. Divorce is a very emotional time, and that's why it is so important to have someone to assist you with the financial aspects of the court proceedings. In many cases a QDRO (Qualified Domestic Relations Order) is used to distribute money/funds between parties. This would require the receiving party to open an account for those funds to be deposited. In the case of 401(k)'s and IRA's, it is very important that these are moved to "like" accounts to avoid unnecessary tax consequences. Always seek the help of a trusted financial adviser, tax adviser, and attorney, at this time.