Planning Beginner: Financial Considerations in Divorce

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1.
Which of the following is true regarding alimony negotiations?
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None of the above are true. The opposite of each statement is true.
2.
It is a good idea to consider which of the following prior to your divorce?
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All the above. All these issues should be considered prior to divorce.
3.
Which of the following is NOT a factor in setting alimony?
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The standard of living the couple would have achieved had the marriage continued. This is not a factor; the standard of living actually attained during the marriage is important.
4.
Regarding individual retirement accounts and divorce, which of the following is true of the beneficiary designation forms?
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They determine where an IRA goes upon the owner's death. The court does not control assets that have designated beneficiaries.
5.
When setting child support payments, the court has complete discretion under the law.
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False. The court must refer to child support guidelines provided by law.