You’ve gotten divorce and have been awarded a percentage of your spouse’s retirement account, you’re good for now, right? Wrong. Often couples come to us years after their divorce to finally collect on their marital award. They want to file their Qualified Domestic Relations Order (QDRO) and collect but they’re realizing it may be easier said than done. Now what? On this week’s #FamilyFriday article, the attorneys of ERA Law Group, LLC discuss QDROs.Read More
Archives for September 2017
#TuesdayTips: The “Simple” Will
All too often will-seeking clients call the firm asking if we do “simple” wills, say they need a will, but don’t want one of those “long wills”, or claim to not have anything, so they just need a “basic” will. Most law firms will respond to the client, “Yes! We can do that!” But there are pitfalls that can arise, some foreseen and some unforeseen, when a person only has a “simple” will, and the client does not even know these potential pitfalls exist. Read More
#FamilyFriday: Marital v. Non-Marital Property
When couples get divorced they are required to identify marital property and non-marital property. Many individuals don’t know what makes property marital and therefore, how they may unintentionally make a non-marital asset marital. This week’s #FamilyFriday article defines marital and non-marital property and offers a few tips to protect your non-marital property.Read More
What You Don’t Know Can Hurt You
One of the most common misconceptions is that if you are married and you die without a will, your spouse automatically gets everything. Unfortunately, that often is not the case. Instead, it depends on several factors. First, if you have any joint accounts, those accounts will pass automatically to the joint account holder. Second, if you have a named beneficiary on any account or asset, that account or asset will pass automatically to the designated beneficiary. Read More
#FamilyFriday – Mediating Family Disputes
Sometimes costly litigation can be avoided with mediation. Especially in family law related matters, mediation could be key to ensure that the issues involving your family are decided by your family. On this week’s #FamilyFriday article, ERA Law Group, LLC wants to explain the pros and cons of mediation.Read More
#TuesdayTips: 529 Plans as Part of Your Overall Estate Plan
It’s that time of year again when the kids head out to the bus stop in the morning to start a new year of learning, eager for what lies ahead. These children aspire to do great things, but with the rising costs of undergraduate education, families need to start saving earlier and the sooner the better. A 529 plan may be the answer and could benefit your estate plan as well.Read More