I’ve been asked about premarital or prenuptial agreements — what they do and who might need one. A prenuptial or premarital agreement, as the name implies, is an agreement entered into by two people who are planning to get married. Although certainly not the most fun or romantic aspect to planning a marriage, a “prenup” is a topic many couples should discuss. (I prefer the term “premarital agreement,” so that’s what I’ll use for the rest of this post.) A premarital agreement is ...
What’s A Qdro?
In divorce proceedings, it sometimes happens that one of the primary assets of the divorcing couple is one person’s pension plan earned through their employment. When splitting such a pension plan, the court will enter a Qualified Domestic Relations Order (or QDRO). A QDRO is a court order that allows someone other than the plan participant (the person who earned the pension) to receive payments under the pension plan. That person is known as an “alternate payee” and can be the ...
I Want Fifty-Fifty!
In dealing with child custody questions, lots of people say they want “fifty-fifty,” without really knowing what that might mean for them or their children. People usually mean they want to alternate days or weeks in some fashion, figuring that they will split their kids in the same way they divide property. It doesn’t really work like that in Idaho. The standard for a court in determining child custody issues is deceptively simple: the court may order whatever seems “necessary or ...
