By Randy S. Margulis | Published August 30, 2023 | Posted in Divorce | Tagged Tags: 401(k), ERISA, QDRO | Comments Off on Splitting Up a 401(k) in Divorce
Splitting Up a 401(k) in Divorce
When you get divorced, your final settlement or judgment will control how your property will be divided. Retirement accounts such as 401(k)s are significant assets for many couples, and they are subject to division as well. But dividing a 401(k) comes with its share of complexities. First, be aware that New York law applies the Read More
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Who Pays the College Expenses for Children of Divorce?
One of the most expensive aspects of raising children can be providing for their college education. According to the College Board, a nonprofit group, the average cost to attend a year of college in 2022-23 was $27,940 at a public school and $57,570 at a private school. With college costs rising at a steeper rate Read More
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How Business Ownership May Be Divided in a Divorce
If you or your spouse own an interest in a business, you can be certain that it will feature prominently in your divorce. New York is an equitable distribution state, which means all property acquired by either spouse during the marriage is subject to division. However, a stake in a business presents special challenges, especially Read More
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Dividing a Military Pension in a New York Divorce
A military pension requires special handling in a divorce. It is different from a normal pension or retirement account, which is a pool of money that the account holder can draw from. A military pension is more accurately called “retired pay,” which is the term used by the Department of Defense. Each year, a retired Read More
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As a Buffalo divorce lawyer for 28 years, I have devoted myself to solving the problems that affect families throughout the Buffalo metropolitan area and Western New York. As a family law attorney, I make it my goal to create a partnership of trust with my clients. People put their trust in me to handle cases that can potentially have a long-lasting impact on not only their lives, but the lives of their family as well.
Alexandra M. Rockwood is a Senior Associate Attorney with the Law Offices of Randy S. Margulis & Associates and has been with the firm since early 2020. She primarily practices in the areas of matrimonial and family law, including divorce, child custody, and child support. Alexandra is a practicing matrimonial and family law attorney as…
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5.0/5.0Divorce is always an unpleasant event and my case was no exception, yet the guidance, professionalism and ethical strategy that Randy Margulis provided was essential in finding the best solutions for my children, my ex-wife and myself. As the proces...
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5.0/5.0
Divorce is always an unpleasant event and my case was no exception, yet the guidance, professionalism and ethical strategy that Randy Margulis provided was essential in finding the best solutions for my children, my ex-wife and myself. As the proces...
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5.0/5.0
Randy Margulis is knowledgable of Domestic Law, dedicated, responsive, personable, aggressive and effective. I came to him on a friend's recommendation as well as Randy's reputation, and during the initial consultation I liked his approach and track ...
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5.0/5.0
Found Mr. Margulis to be a very organized and professional individual to work with. He is well-respected by his peers and is spoken of highly, I believe this helped with my divorce and made things go smoothly. I would highly recommend his services ...
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5.0/5.0
Randy is very firm and effective in court while empathetic to his clients. I am a domestic violence victim, and Randy made me feel safe and protected. My financial award was more than I envisioned it to be when I started my divorce. I can't thank ...
