For example, theThrift Savings Plan (TSP)—adefined-contribution planfor federal employees and members of the uniformed services—requires that the division of assets be clearly spelled out and referred to as th
while403(b)and qualified plans such as401(k)sare split under aqualified domestic relations order (QDRO). Whether you are giving up retirement funds or receiving them, you need to understand the rules that governassetdivision in a divorce.12 ...
In addition, it may be possible to negotiate a different split than 50/50 by trading the value in one asset for another. For example,one spouse may want to own the family home after a divorceand if that’s the case, he or she may be willing to give up a greater share of any reti...
This is called a QDRO, Qualified Domestic Relations Order. Click to contact our Raleigh, NC, asset division attorney today A Raleigh Property Division Attorney Can Help with the Division of Your Marital Assets Divorce is an emotionally draining process where spouses are sometimes competing for ...
How a QDRO Works Regardless of how most of a couple's assets are divided, the QDRO defines how their retirement savings will be divided if the couple has money in aqualified plansuch as a401(k)or a403(b). A separate process called “transfer incident to divorce” is used for IRAs. ...
Using QDRO Money From a Divorce to Pay for a New Home Divorce and the New Social Security Rules Rewriting Your Will After Divorce Can a Former Spouse Inherit IRA Assets Left by Their Ex? Legal Terminology A-E Legal Terminology F-Z