The podcast episode discusses the topic of dividing retirement accounts in a New York divorce without derailing the retirement plan. It covers the importance of careful financial planning, the tax differences between different types of retirement accounts, the valuation of defined benefit pensions, the use of qualified domestic relationship orders (quadros), and the need for modeling the long-term shape of the division before signing the settlement.

Takeaways

• Careful financial planning is crucial for dividing retirement accounts in a divorce.
• The tax characteristics of retirement accounts, the use of quadros, and the long-term impact of the division should be carefully considered.

Chapters

• 00:00 Introduction and Topic Overview
• 05:26 Tax Differences Between Retirement Accounts
• 12:12 Incident to Divorce Rules for IRAs

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This episode discusses the topic of hidden assets in a high net worth divorce, exploring how wealthy spouses conceal money and how forensic accountants find it. It also covers the importance of the net worth statement, the role of forensic accountants, and the significance of information in high net worth divorces.

Takeaways

• Hidden assets in a high net worth divorce can be the result of deliberate concealment, lack of disclosure, or quiet minimization of assets.
• The net worth statement is a foundational document in the financial side of a divorce case, and the right forensic and financial professionals can turn invisible assets into visible ones, providing leverage for a fair settlement.

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The podcast episode covers the topic of equitable distribution in divorce, focusing on the 50-50 divorce myth, the difference between marital and separate property, statutory factors for equitable division, the real value of assets, liquidity as a driver of settlement quality, marital waste, trading across asset categories, and understanding equitable distribution. The host, Fabian Degen, provides expert insights and answers frequently asked questions related to high asset divorce in New York.

Takeaways

• Equitable distribution is not always equal distribution
• Liquidity is a crucial factor in divorce settlement quality

Chapters

• 00:00 Introduction and Expertise
• 06:05 Statutory Factors for Equitable Division
• 12:31 Marital Waste and Pre-Filing Transfers
• 17:51 Frequently Asked Questions

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