Question: My ex-wife and I divided our retirement accounts in a manner that was approved by the divorce court. Even though the final asset division accounted for two retirement accounts (one for each of us), my ex-wife was assigned her portion of the assets through only my IRA account. Do …
CONTINUE READINGQDRO
How To Divide The 457 Plan In A Divorce
Question: My wife and I both have separate 457 plans through different companies. Can I award her mine and she award me hers? We both need the money to move on with our lives post-divorce.
CONTINUE READINGIssues To Handle After Your Divorce Decree Is Entered
By Nathan A. Hacker Indianapolis Divorce Lawyer After your divorce decree has been finalized and entered by the court, you should seek counsel regarding any trusts or estates that you have set up for your family. You will want to have those rewritten so that your children are the beneficiaries …
CONTINUE READINGFinancial Advice On Divorce: Dividing Retirement Plan Benefits
Question: I’m looking for financial advice on divorce on how to divide the benefits of my wife’s retirement plan. My wife receives larges bonuses at the end of the year. She says that if she has to roll half of her retirement over into a retirement account for me, upon …
CONTINUE READINGDividing The Declining Value Of A 401k
Question: My financial advice on divorce question has to deal with delays in withdrawing 401k money post divorce. My ex-wife was awarded the right to claim 50% of my 401k. The value of my 401k account at the time of my divorce six years ago was $100,000. The current value …
CONTINUE READINGFinancial Advice On Divorce: Trading Home Equity For 401K
Question: I am looking for financial advice on divorce in regards to a proposed property settlement from my wife. She intends to keep the marital home. In exchange, she wants to trade home equity for my 401k on a dollar-for-dollar basis. Since one is post-tax and the other is pre-tax, …
CONTINUE READINGFiling a Qualified Domestic Relations Order post-divorce
Question: My late husband’s ex-wife was awarded a QDRO (Qualified Domestic Relations Order) of a set amount of his retirement account. I am to receive the balance of that account as the named beneficiary. However, she plans to submit the QDRO when the account is at an economically depressed level …
CONTINUE READINGHow are pending divorce issues resolved when one party has remarried?
Question: I have since remarried after my divorce was finalized. What claim does my ex-wife have on my QDRO (Qualified Domestic Relations Order) since we still have yet to complete the paperwork concerning my retirement fund? I live in Virginia and we divorced in California so which state has jurisdiction?
CONTINUE READINGHow are assets divided when filing for legal separation?
Question: Can my spouse receive half of my 401k via a QDRO (Qualified Domestic Relations Order) when filing for legal separation, not divorce?
CONTINUE READINGResponding to a QDRO
Question: This week I received a QDRO (Qualified Domestic Relations Order) to sign. My wife’s lawyer told me I had to have it signed, notarized and returned within one business day or she is going to file a Motion for Entry and take me to court. Shouldn’t I legally be …
CONTINUE READING