Dividing Retirement Accounts in Divorce
One of the biggest assets that we divide in divorce are retirement accounts. Whether we’re talking about IRAs, 401(k)s, 403(b)s, pensions, stock options, TSPs, or any other type of account, if they were earned during the marriage, they’re marital property and subject to division in any action for divorce. Retirement is actually (usually!) an easy…
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What if he’s kicked out of the military for his adultery?
We talked Monday about a question we get fairly frequently: Should I report my husband’s adultery to his military command? The answer to Monday’s question is fairly straightforward. In almost every single case, I’d say absolutely not. There’s too much risk to you (from loss of potential child and spousal support to military health insurance,…
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Should I take my husband to court?
Divorce and custody cases aren’t like personal injury cases. At the end of the day, all you have to divide is what was already there to begin with – so, most of the time, people wind up with less than they had before. I mean, if you think about it, it makes sense. If you…
Filed under: Uncategorized Tag with: breastfeeding | college fees | custody | divorce court judge | investment | litigation | negotiation | pension | retirement | separation agreement | spousal support | Virginia divorce
Dividing Retirement in Divorce
There’s a common misconception that, without exception, after divorce each spouse will walk away with 50% of the retirement accounts. The reality is just a teensy bit more complicated than that. You should definitely know, ahead of time, what your marital share of the retirement accounts will look like. First, let’s take a look at…
Filed under: Blog | Divorce | Frequently Asked Questions | General | Library Tag with: 401(k) | dividing retirement | divorce | examples | military retirement | my retirement | pension | retirement
What to expect in a Virginia military divorce
On Monday, we talked about the differences between military and civilian divorce. So far, we’ve mostly discussed the ways that military and civilian divorces are similar. (Shocking, right?) Well, as you already know, military and civilian divorce are a little bit different. Procedurally, they’re very similar, but there are certain assets that exist in military…
Filed under: Blog | Divorce | General | Library | Military Divorce Tag with: 20/20/15 | 20/20/20 | divorce | military | military benefits | military retirement | pension | ten year myth