by Megan Cook | Retirement in Divorce
If you have a 401(k) or other retirement account with Fidelity, I hope this post will give you a piece of guidance for your starting point. When it comes to dividing retirement in a divorce case, there is a specific document that is used to divide each retirement... by Megan Cook | DECREE LANGUAGE, Divorce Settlement Process, Marital Property, Retirement in Divorce
Is There An Absolute Rule That You Have to Divide all 401(k) Plans in ½ Or Can a Spouse Keep the Entire 401(k)? The actual rule is that the court can divide your 401(k) plan pretty much how it deems fair. Fair is not always 50/50. Yet, it is most typical to... by Megan Cook | Agreements Incident to Divorce, DECREE LANGUAGE, Marital Property, Retirement in Divorce
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A divorce case was recently closed here in Texas, that proves the absolute importance of drafting Qualified Domestic Relations Orders to concur entirely with the text of the decree. In this case, the decree of divorce awarded wife a portion of husband’s... by Megan Cook | DECREE LANGUAGE, Divorce Case Results, Retirement in Divorce
A very common question clients have is do I have to divide my 401K in my divorce? Will the judge allow me to keep 100% of my 401K? The answer is that yes it is possible to keep 100% of your 401K. It is also possible that your spouse could keep 100% of the value of...