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divorce and retirement plans, is it split in divorce?
6 Answers
- Anonymous1 decade agoFavorite Answer
All depends on the state, etc.
I kept all of mine but agreed to additional/other, more immediate financial compensation.
Bottom line. Try to find common ground and rationale solutions ASAP.
Otherwise, you'll be busy destroying each other while the attorneys are racking up billable hours...
- AprilLv 61 decade ago
Not a whole lot of info here, but
1. It depends upon the state, how long you were married, how much each contributed to the IRA's. If you were the dependent spouse, you get a chunck (in most states) of the IRA, and if you were the main breadwinner, you have to give up some. Part of your retirement pension, as well is divided, usually until one o receiving the $$ remarries. To avoid a lot of hastle, use the same attorney--- adverserial positions are really costly.
- Anonymous1 decade ago
It can be. Especially if the man says I want the house and the woman's attorney speaks up and says ok and we want your vehicle, all other personal property and we will go after your retirement and wipe you out. And after that, it's not uncommon for the man to withdraw his request for the house.
- working mom of 3Lv 41 decade ago
Sorry, no easy answer. It depends on the state as each state has different laws regarding marital assets, and the length of the marriage. Good Luck!
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- 1 decade ago
Depends on how long you have been married, and where you live. In New York, for example, there are formulas that calculate all of this, unless you can get your future ex to take cash now instead of percentage later.
- Anonymous1 decade ago
Only if your lawyer sucks.