HOME 401(k) Plan – In this type of defined contribution plan, the employee can make contributions from his or her paycheck before taxes are taken out. The contributions go into a 401(k) account, with the employee often choosing the investments based on options provided under the plan. In some plans, the employer also makes contributions, matching the employee’s contributions up to a certain percentage. SIMPLE and Safe Harbor 401(k) plans have additional employer contribution and vesting requirements. IV-D Services - When a party is receiving child support services offered through a local child support agency. Refers to Title IV-D of the Federal Social Security Act at Title 42, United States Code sections 651 and thereafter. Account - Record of financial transactions in a case, which includes a record of charges against a child support obligor for such things as current support, welfare arrears, spousal support, blood test fees, court costs, attorney's fees and interest. Also includes a record of payments by the obligor and adjustments to the financial record. Account Audit - An examination of the account or accounts of a child support obligor to determine necessary adjustments and/or the balance owing. Action – A lawsuit or proceeding in a court of law. Affidavit – A written statement of facts made under oath and signed before a notary public or other officer who has authority to administer oaths. Agreement – A verbal or written resolution of disputed issues. Alimony – in California referred to as Spousal Support. Alternative Dispute Resolution – ways for parties in a divorce to resolve their disagreements without a trial. Alternative Dispute Resolution methods include: negotiation, mediation, collaborative law and arbitration. Annulment – The legal ending of an “Invalid Marriage.” In the eyes of the law neither party was ever married, but all children born of the annulled marriage remain legitimate. Appeal – The process whereby a higher court reviews the proceeding in a lower court and determines whether there was reversible error. Appraisal – Procedure for determining the fair market value of an asset when it is to be sold or divided as part of the divorce process. Arbitration – Submitting a disputed matter for decision to a person who is not a judge. The parties can agree that on certain issues the decision of an arbitrator is binding and final. Arbitration varies greatly from Mediation. Arrearages – The difference between the amount of spousal support or child support paid, if any, and the amount required under court order. An arrearage is any past due child support including interest. Assets – Cash, property, investments, goodwill, and other items of value (as defined by state law) that appear on a balance sheet indicating the net worth of an individual or a business. Back to Glossary return to top of page < HOME Contact a Divorce Lawyer Los Angeles at Law Offices of Warren R. Shiell today! Call to make an appointment at 310.247.9913. © 2009 Warren R. Shiell. All rights reserved. Divorce Lawyer Los Angeles. The information contained in this website is an "Advertisement." It is for informational purposes only and shall not constitute legal advice. Nothing in this Website shall be deemed to create an Attorney-Client relationship. An Attorney-Client relationship shall only be created when this office agrees to represent a Client and a Client signs a written retainer agreement. |
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