Summary: Newlyweds and the recently divorced should make sure that names on their tax returns match those registered with the Social Security Administration (SSA).
Dear Esq, My husband and I have been married for 21 years. We live in California, and I am considering a divorce. Is his 401K considered community property? What about our separate IRA accounts? Wondering — Dear Wondering, California is indeed a community property state. Generally speaking, anything acquired during the marriage is considered to […]
Dear Esq., I have a full-time job and an Air Force retirement. My ex-wife was not married to me during any of my Air Force time. I also own, but have first mortgages on, some rental properties. Over the past 3 years, the real estate market has been very difficult and I’ve suffered negative income […]