When it comes to your assets and divorce, you want what’s best for you and your family. Retirement plans between you and your ex matter a lot to you, which is why you want to understand what will happen when you and your ex get a divorce. Retirement savings happen to be some of the… Continue reading →
Posts Tagged ‘Qualified Domestic Relations Order’
Dividing retirement accounts
California, being a community property state, calls for pension plans, 401k plans, IRAs, and other types of retirement accounts to be divided equally. Next to the family home, retirement plans are one of the biggest assets of the marriage. Retirement accounts are divided in one of two ways: 1. Qualified Domestic Relations Order 2. Divorce… Continue reading →
Splitting a 401(k) in a divorce
The divorce rate for Americans over 50 is at a record high. Employer-sponsored retirement plans comprise a large portion of the wealth of this age group. Because California is a community property state, the division of marital property must be done fairly between both spouses. It is important to understand the rules that govern the… Continue reading →
Can you receive your husband’s pension?
In case you are not aware, a pension that your husband will receive is part of marital property in a California divorce. The distribution is usually up to the court. The court may divide the amount, giving each party a percentage, which is distributed at retirement or it may award the entire amount to your… Continue reading →
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