Legal News You Can Use: Can One Spouse Retain Their Full Pension After a Divorce?

Divorce is often a very stressful and traumatic experience. Even the person who files for divorce may struggle to deal with their emotions. One of the ways that people get through the divorce process is by focusing on the future. They imagine their life after the end of the divorce to get through the hardest parts of the process.

Those trying to think about the future generally need to have a reasonable idea of what to expect. Someone who has dedicated decades of their life to a particular profession might start thinking about enjoying their retirement after divorce. They may hope to travel or achieve other personal goals during their golden years.

The pension that they accrued throughout their working life could have a major impact on their stability in their retirement years. Can divorcing spouses expect to keep their pensions instead of dividing them during a divorce?

People who settle stay in control

Every individual contemplating divorce has different circumstances and personal goals. For those who have funded pension benefits by working for years in the same profession, keeping that pension might be their biggest priority. Others might want to continue running a family business or to stay in the family home.

Spouses preparing for divorce generally have the option of pursuing an uncontested divorce. If they can work out a settlement with their spouses, they can potentially achieve the financial goals that matter the most to them. Someone willing to take on more marital debt or make concessions related to other assets could potentially retain a pension in an uncontested divorce scenario.

Litigation may make a pension vulnerable

Under state equitable distribution rules, the courts have the authority to allocate resources accumulated during the marriage to either spouse. There have previously been court cases where the state has affirmed that pensions are often subject to division during divorce proceedings.

Much of the asset division process relies on a judge’s discretion in litigated cases. They may have to directly divide high-value assets, including pensions, to achieve a fair outcome. Spouses have little control over the terms set by judges when they litigate.

Identifying personal priorities early in the divorce process can make it easier for people to achieve their goals. A spouse can theoretically preserve their pension if they have the right approach to property division negotiations or litigation.

This is a sponsored post by Suisman Shapiro Attorneys-at-Law.

Editor’s Notes: i) Suisman Shapiro is located at 75 State Street, New London, CT 06320. Their mailing address is 2 Union Plaza, P.O. Box 1591 New London, CT 06320. Visit their website or call 800-499-0145 — lines are open 24 hours a day.

ii) If you are involved in a divorce, the attorneys at Suisman Shapiro can assist you. Reach an attorney specialized in the matter at the number above .

Legal News You Can Use: Climate Change Impacts on Workplace Injuries, Compensation

Climate change affects many aspects of life, including job safety. Knowing how climate change impacts work injuries and workers’ comp claims is crucial for employers and employees. 

How climate change affects work injuries

Climate change can increase severe weather occurrences, raising the risk of work injuries. These changes include: 

  • Heat waves: Higher temps can cause heat-related illnesses, like heat stroke and thirst, mainly for outdoor workers. 
  • Severe storms: More storms can cause injuries from falling objects, slips and falls. 
  • Heavy floods: Flooded work sites can lead to electrical risks and water-borne diseases.

These factors can significantly affect worker safety and how often work injuries happen. 

Legal considerations

When dealing with work injuries tied to climate change, you need to know several key legal points under Connecticut law: 

  • Workers’ compensation coverage: Connecticut’s Workers’ Compensation Act covers injuries and illnesses from work, including injuries from extreme weather. 
  • Employer duties: Bosses must provide a safe workplace, which means taking steps to protect workers from climate-related risks. 
  • Reporting and claims: Workers must report work injuries quickly. Delays in reporting can affect getting workers’ comp benefits.

Knowing these legal points is key for handling workers’ comp claims tied to climate change. 

Climate change brings new challenges for work safety and workers’ comp claims. By knowing the impact of climate change and taking action, you can better protect your rights as a worker or do your duty as an employer. If you have questions or need more help, consider consulting a lawyer who knows Connecticut’s workers’ comp laws.

This is a sponsored post by Suisman Shapiro Attorneys-at-Law.

Editor’s Notes: i) Suisman Shapiro is located at 75 State Street, New London, CT 06320. Their mailing address is 2 Union Plaza, P.O. Box 1591 New London, CT 06320. Visit their website or call 800-499-0145 — lines are open 24 hours a day.

ii) If need help regarding the impact of climate change on your rights as a worker or your duty as an employer, the attorneys at Suisman Shapiro can assist you. Reach an attorney specialized in the matter at the number above.

Legal News You Can Use: Safety Tips for Winter Driving

Editor’s Note: This is a Sponsored Post by Suisman Shapiro Attorneys-at-Law.

Snow may be pretty but driving in it demands special care and attention. Photo by Korey Moore on Unsplash.

Driving during winter months is inherently more dangerous than driving in other seasons because the road conditions can make an accident more likely. Some of this is also out of the control of motorists, who may have no choice but to drive in suboptimal conditions when they have to go to work or to school.

As such, it is important to know how to drive safely and avoid accidents. Here are some tips that can help.

Remember that you can’t always see ice

In some situations, it is very obvious that there is ice and snow on the road, so drivers are more likely to be careful. But you also have to watch out for black ice, which is a type of thin ice that is so clear that you can’t even see it while you’re driving. This is perhaps the most dangerous road condition in the winter.

Reduce your speed when possible

Slick road conditions are going to make it harder to react to conditions ahead of you because you cannot slow the car down as quickly. The best counter for this is simply to reduce your speed while you drive. This gives you a better chance of stopping and reduces the odds of serious injuries if you are involved in a wreck.

Focus on staying calm and in control

If you have to drive in poor conditions, always try to stay calm and remain in control of the vehicle, staying alert and keeping your eyes on the road. Never allow yourself to become distracted. Don’t rush, but focus on careful driving until you reach your destination.

If you do get injured in an accident caused by another driver, you may be able to seek financial compensation.

Editor’s Note: Suisman Shapiro is located at 75 State Street, New London, CT 06320. Their mailing address is 2 Union Plaza, P.O. Box 1591 New London, CT 06320. Visit their website or call 800-499-0145 — lines are open 24 hours a day.

Legal News You Can Use: Tips for First-Time Homebuyers

It’s common for first-time homebuyers to make mistakes. However, with the real estate market so competitive right now, you can’t afford to learn on the job. If you’re interested in buying a home in the future, you should start preparing today.

Keep your credit score high

Your credit score will be extremely important at all steps in the home buying process. Even if you get preapproved for a mortgage, the mortgage lender could still deny approval before you close on your house. That means that you need to get your credit score up and keep it up.

If you already have great credit, try not to mess it up during the home buying process by opening or closing lines of credit. Making a large purchase on a credit card could also damage your credit score because it will lower your available credit. Until you close on your house, try to keep your credit as stable as possible.

Shop for a mortgage first

First-time homebuyers often think that they should shop for a home before they apply for a mortgage. However, doing business in this order will probably lead to disappointment considering how competitive the real estate market is right now. Not only should you apply for a mortgage ahead of time, but you should also apply for a few different mortgages so that you can compare interest rates and closing costs.

Maintain steady employment

Changing jobs during the home buying process can complicate things since most mortgage lenders want to see at least two years of steady employment history. Even if changing jobs ultimately benefits you, it could result in a gap in your income history. If you’re involved in this type of a real estate transaction, it’s best to wait until the deal is closed before changing jobs.

Consider hiring a real estate agent

Many first-time homebuyers make the mistake of thinking that they can do everything themselves. However, not hiring a real estate agent could end up costing you. A real estate agent may help you to get the best deal on a house by negotiating on your behalf.

Attorneys at Suisman Shapiro can answer your questions on the legal aspects of house purchase. Visit their website or call 800-499-0145 — lines are open 24 hours a day.

This is a sponsored post by Suisman Shapiro Attorneys-at-Law of New London located at 75 State Street, New London, CT 06320

Legal New You Can Use: Should an Investment Home be Your First Home in CT?

Because housing has become so expensive, making your first home purchase an investment home may be a good idea. Continue reading for an overview of the pros and cons to help you make your decision.

Pro: Leverage to buy the home you want

Many people who are looking to buy their first home usually can’t afford the one they truly want. Rather than put down a lot of money on a home that you’re settling for, you could purchase an investment property and use that to help afford your dream home. You could refinance or sell the investment property, or you could use its monthly income to help afford the home you want.

Pro: Flexibility

When you choose an investment home as your first property, it makes it easier for you to have the freedom to move. You don’t want to spend all of your money on a home you live in only to find out years later you want to live somewhere else.

Pro: Tax benefits

One of the top reasons people become real estate investors is because of the generous tax benefits. Landlords who don’t take advantage of those tax benefits for rental real estate transactions lose thousands of dollars a year. After the first year of owning a rental property, you can begin deducting depreciation.

Interest, reasonable costs of repair, insurance premiums and use of personal property are also tax-deductible. Examples of reasonable costs of repair include fixing leaking pipes and broken windows. Improvements to the property that aren’t essential typically don’t qualify for a deduction. Use of personal property is furnishing a rental property with appliances and furniture.

Con: Managing the property

A downside of rental properties is you may have to manage them. There are some ways around this, though. You could hire a property manager, or you could choose a different type of real estate investment like REIGs. When you invest in an REIG, the company takes a percentage of your returns in exchange for managing the property for you.

The sooner you begin building wealth, the better off you could be. Thus, making your first home purchase an investment home could be the right choice for you.

Attorneys at Suisman Shapiro can answer your questions on the legal aspects of house purchase. Visit their website or call 800-499-0145 — lines are open 24 hours a day.

This is a sponsored post by Suisman Shapiro Attorneys-at-Law of New London located at 75 State Street, New London, CT 06320