I just recently read a very practical and useful article regarding finances and divorce. The article sets forth 10 steps to follow to get the most out of your financial settlement.
In particular, I agree with the notion that pensions, 401(k)’s and IRA’s often need to be valued to determine whether it is better to divide the account or substitute an asset instead.
I also agree that there are very few cases in which a judge will award permanent alimony. Most judges expect dependent spouses to help themselves by making efforts at securing employment and living within practical means.
Read the article here: http://moneywatch.bnet.com/economic-news/blog/make-money/10-steps-to-avoid-losing-your-shirt-in-a-divorce/945/