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Crunching the numbersby Firmbee.com
Post Divorce

After the Divorce

Once you are divorced, there are often post-divorce tasks to complete. Whether you are implementing the agreements or addressing post-divorce disputes, learning the basics (and what you can do on your own) will prepare you and may save you time and money.

Property Division

Are there tax implications to consider when transferring real estate post-divorce?

Property Division

How does a lien on real estate work in securing a settlement payment for the non-retaining spouse?

Property Division

Can we use a private contract (like a property settlement note) to handle the division of real estate equity?

Table Of Contents
Post Divorce
Module
1

Post Divorce Introduction

Learn about steps and tasks that need to be completed to implement the agreements outlined in the decree after the divorce is final.

Post Divorce
Module
2

Post Divorce Transfer of Real Estate

Learn the steps, considerations and potential challenges with transferring or handling real estate after a divorce is final.

Post Divorce
Module
3

Post Divorce Division of Retirement

Learn the procedures and legal requirements to divide each type of retirement account to facilitate a smooth transition and compliance with the divorce decree.

Post Divorce
Module
4

Post Divorce Division of Other Assets and Liabilities

Review considerations and tips for dividing assets and liabilities after divorce, like bank accounts, investment accounts and debts.

Post Divorce
Module
5

Changing Your Name After Divorce

Learn the steps to implement a name change after divorce.

Glossary Terms
Appeal

In litigation, the process for a party to request review of the trial court's decision to a higher court if they believe legal errors were made or if they disagree with the outcome.

Plan Administrator

The entity or individual responsible for managing a retirement plan, ensuring compliance with regulatory requirements, and processing benefit distributions.

Notice of Entry

A document or court order provided to the parties of a legal matter saying that the final judgment of the divorce has been entered and is now final.

Certificate of Dissolution

An official document issued by the court that formally ends a marriage, confirming the legal dissolution of the marriage and often including basic details like the date of the divorce and name change.

Certified Copy

An official document that verifies the finalization of a legal matter with an endorsement by the court, often a raised seal.

Qualified Domestic Relations Order (QDRO)

Also known as QDRO (pronounced "quadro"), a legal order following a divorce that is required to divide ownership of a qualified retirement plan (such as a pension or 401k) to give the divorced spouse their share of the asset or pension plan.

QDRO

Also known as Qualified Domestic Relations Order and pronounced "quadro," a legal order following a divorce that is required to divide ownership of a qualified retirement plan (such as a pension or 401k) to give the divorced spouse their share of the asset or pension plan.

Lien

A legal right or claim against a property by a creditor or a party owed a settlement to secure the payment of a debt or obligation, remaining until the debt is satisfied.

Loan Assumption

Also known as name deletion, the process where one borrower takes over the existing mortgage of another, becoming responsible for the remaining loan payments.

Alternate Payee

An individual, usually a spouse or former spouse, who is granted the right to receive a portion of the benefits from a retirement plan under a Qualified Domestic Relations Order (QDRO).