Sign In  |  Register  |  About Burlingame  |  Contact Us

Burlingame, CA
September 01, 2020 10:18am
7-Day Forecast | Traffic
  • Search Hotels in Burlingame

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

Law Office of Michael Ephraim Publishes Key Insights on Dividing Retirement Assets in Uncontested Divorces

Fairfax, VA - Law Office of Michael Ephraim, a leading firm in Fairfax that assists in expediting divorces, has recently published a set of comprehensive articles aimed at educating the public on crucial aspects of uncontested divorce. In a recent publication, the firm offers guidance on splitting retirement assets after divorce, helping individuals make informed decisions.

In the publication, Law Office of Michael Ephraim defines key legal terms, such as a Qualified Domestic Relations Order (QDRO), and emphasizes the importance of drafting legal documents to meet IRS standards. The firm advises that the documents be free of drafting errors and that parties entrust the process to an attorney.

Law Office of Michael Ephraim also notes that with properly signed legal documents, the plan administrator receives clear instructions on how to divide retirement benefits in the event of an uncontested divorce. Additionally, the original payee is legally exempted from paying taxes on proceeds given to the other party. Without a QDRO, however, the original payee would be responsible for paying taxes, even if they are not keeping the proceeds, showing the importance of proper documentation.

In addition to retirement asset division, Law Office of Michael Ephraim educates individuals on the divorce process in Virginia. The firm addresses existing knowledge gaps by sharing information on the different types of divorce paths in the state, grounds for ending marriages, and ways of handling processes such as serving divorce papers. 

Through the firm’s website, the attorneys also handle common concerns and frequently asked questions, such as whether a person can file for divorce if their spouse became pregnant by someone else during the marriage. Attorneys also guide individuals looking to find out whether they need a marriage certificate to file for divorce, or whether the case can be filed in any court nearby. 

The law firm also leverages its platform to address key issues faced by individuals navigating divorce, including financial management. While uncontested divorces are becoming more popular thanks to minimal court involvement and clients having the freedom to determine their future, parties must prepare for financial implications. In one of its insightful publications, the firm shares considerations for dividing assets and debts and estate planning. 

In addition to its educational resources, Law Office of Michael Ephraim supports parties undergoing uncontested divorce. The team not only helps them prepare agreements and ensure all paperwork is correct, but also works to make the processes smooth and stress-free. One of the firm’s key advantages is its ability to streamline the divorce process; clients working with Law Office of Michael Ephraim are not always required to visit the firm’s offices or make court appearances, allowing for a more efficient resolution.

About Law Office of Michael Ephraim: 

Law Office of Michael Ephraim is a leading firm comprising a team of uncontested divorce attorneys who assist clients in expediting divorces. The firm also helps clients resolve other related issues, such as property and financial issues, while keeping legal fees competitive. 

Media Contact

Name
Law Office of Michael Ephraim
Contact name
Michael Ephraim
Contact phone
(703) 807-5800
Contact address
3917 Blenheim Blvd
City
Fairfax
State
Virginia
Zip
22030
Country
USA
Url
https://ephraimlaw.com/

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 Burlingame.com & California Media Partners, LLC. All rights reserved.