Tag Archives: #Divorce

FEATURE

QDROs & Divorce: Understanding the Settlement of Retirement Assets with Derrick A. Rubin, Esq. (Ep. 124)

Financial Planning, Financial Strategies, Larry Heller, Life Unlimited, Retirement, Retirement Planning, , , , , , , , , , , , , , , , , , ,

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Most people don’t prepare for a divorce before they get married. In most divorces, property that was acquired during the marriage is subject to division between the spouses depending on a number of factors. 

Dividing assets and understanding how they are calculated post-separation is a crucial step in the divorce process. A QDRO can be used to divide retirement assets between the two spouses as a part of the property settlement. 

In this episode, Larry Heller, CFP®, is joined by Derrick A. Rubin, partner at Wisselman, Harounian & Associates to discuss how you can navigate a divorce when it comes to using a QDRO to split assets.

Derrick focuses on: 

  • What a QDRO (Qualified Domestic Relations Order) is, and how it works 
  • How various retirement plans differ in divorce settlements
  • The process of equitable distribution
  • And more

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About Our Guest:

Derrick A. Rubin, Esq. is a Partner at Wisselman, Harounian & Associates, P.C. and has been with the firm since 1997. He has been recognized by Newsday as an expert in matrimonial law and has been named a New York Metro Super Lawyer for 7 consecutive years. In addition to matrimonial law, he has extensive experience in residential and commercial real estate, estate planning, civil litigation and criminal and business law.

 

FEATURE

Everything You Need To Know About Prenuptial Agreements With Sandra Radna, Esq (Ep.114)

Financial Planning, Financial Strategies, Larry Heller, Life Unlimited, Retirement, Retirement Planning, , , , , , , , , , , ,

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Despite common belief, prenuptial agreements are not just for the ultra rich. They can benefit anyone from any financial background.

In this episode, Larry Heller, CFP invites matrimonial attorney Sandra Radna, Esq to discuss prenuptial agreements and what benefits they serve to both individuals in a marriage.

Sandra also discusses how prenuptial agreements do not come as one-size-fits-all, and highlights how you can create an agreement that matches your wants and needs.

Sandra discusses: 

  • How prenuptial agreements can protect you and your spouse during a marriage
  • Why prenuptial agreements are not just for multi-millionaires (despite common belief)
  • How much time prior to the wedding you should establish a prenuptial agreement
  • What is a postnuptial agreement?
  • And more

Resources: 

Connect With Sandra Radna:

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About Our Guest:

Sandra M. Radna Esquire is an award-winning New York attorney and the owner of Sandra M. Radna P.C. Sandra has been published and quoted in a number of periodicals concerning the intersection of finances and matrimonial law, including CNBC.com, Yahoo Finance Observer, Business Insider, and more. She’s also the author of the book “You’re Getting Divorced…Now What?”.



FEATURE

The Do’s and Don’ts When Facing a Divorce With Ilyssa Panitz (Ep.106)

Financial Planning, Financial Strategies, Life Unlimited, Retirement, Retirement Planning, , , , , , , ,

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It can be extremely emotional and difficult to navigate the many hurdles that come with a divorce.  

In this episode, Larry Heller, CFP®, joins Ilyssa Panitz, a divorce journalist, who shares practical insights on both the financial and non-financial Dos and Don’ts when navigating a divorce.   

Ilyssa discusses: 

  • The first steps you should take in a divorce and how it influences your financial future
  • Other Professionals beside your Matrimonial Attorney
  • Where to get support when going thru a divorce
  • The importance of not disrespecting the other parent in front of your children
  • Advice for how to transition smoothly into a new stage of life post-divorce
  • And more

Resources: 

Connect With Ilyssa Panitz:

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About Our Guest:

Ilyssa Panitz is the only divorce journalist solely committed to helping others navigate this major life transition by exclusively covering every angle of this topic.

Ilyssa writes a daily column on divorce for Authority magazine on Medium. She also serves as an editorial producer for the national association of divorce professionals and was former co-host of All Things Divorce on Clubhouse. Most recently, Ilyssa has been able to reach an even wider audience through her role as creator writer, producer, and host of a national radio show called The Divorce Hour with Ilyssa Panitz that airs every Saturday and Sunday on CRN digital talk radio, and then on Spotify, Google podcasts, iTunes.

While navigating many of the hurdles that come with divorce, Ilyssa has developed both an emotional and practical insight to this transition, which she is passionate about sharing with others. Ilyssa fully understands the ups and downs of the journey and is making it her mission to help educate, guide, empower, comfort, and build confidence in others going through this painful experience. Ilyssa Panitz is known as the divorce journalist.

 

FEATURE

How Getting Divorced After 50 Impacts Retirement Planning (Ep.105)

Financial Planning, Financial Strategies, Larry Heller, Life Unlimited, Retirement, Retirement Planning, , , , , , ,

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Getting divorced later in life can be more complicated than you may anticipate. Have you considered how your retirement plan will be impacted if you and your spouse separate?

In this episode, Larry Heller, CFP®, explains how divorce later on in life can impact your retirement planning, and what steps you can take when going through the divorce process. He also shares how you can gain more control over what happens to your investments and assets during a divorce.

Larry discusses: 

  • Why it is important to determine who is the non-financial spouse
  • Why your housing costs can have a significant impact on your retirement plan
  • Why it’s helpful to know what your living expenses and income is prior to divorce
  • The importance of knowing the rules of Social Security if you’re divorced
  • And more

Resources: 

Connect With Larry Heller:

Do NOT USE

Episode 79 – Three Methods For Resolving Divorce Disputes — With Attorney Michael Fried

Financial Planning, Financial Strategies, Larry Heller, Retirement, Retirement Planning, , , , , , , , , ,

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Are you thinking of settling your divorce out of court? Here’s what you need to know! 

In this episode, Larry Heller welcomes Michael Fried, partner at Berkman Bottger Newman & Schein LLP. As an experienced litigator and trial attorney in the field of matrimonial and family law, Michael breaks down three types of dispute resolution services he provides at his matrimonial firm in New York. Plus, he shares his insight on COVID-19’s impact on divorce rates. 

In this episode, you will learn: 

  • How the pandemic has impacted divorces
  • Methods for resolving divorce disputes — and the pros and cons of each
  • How to select the best process for both parties 
  • How Micheal acts as a “consulting attorney” during the mediation aspect of his practice
  • And more!

Tune in now to discover Michael’s three methods for resolving divorce disputes! 

Resources:  Heller Wealth Management: (631) 293-2806 | Email Larry | Berkman Bottger Newman & Schein LLP: (212) 867-9123