Employee benefits may be one of the biggest assets involved in a divorce—often similar in value to the family residence. With so much money on the line, identifying, valuing, and dividing benefit plans is a priority. Here are 5 steps you should take whenever employee benefits may be involved in a separation or divorce.
Family lawyers and estate planning attorneys operate quite independently of one another. Each discipline is complex, and its practitioners are specialized to the point that it may be unreasonable to expect attorneys to be fully versed in both areas. But it is important for attorneys to recognize that their advice and actions in one context for one purpose may well have significant implications for the other. It is important for attorneys in both specialties to educate themselves about Automatic Temporary Restraining Orders (ATROs), which are integral to family law, but may also have a significant impact on estate planning.