Beth and Scott have been married for 15 years but are now getting divorced. They were married young and have one child, who is age 9. This is a very emotional time for both of them. If you were their advisor, which of the following would you recommend?

Make sure that you establish the tax basis of assets that are separated.

All of the above are good recommendations.

Be certain to change beneficiary designations on retirement plans.

Be sure to obtain individual credit.