When you and the person
you were married to decide that divorce is the best option because the love is
no longer there, you may end up spending a whole lot of your time thinking
about who will get what after the split. One thing you may not have thought of
just yet, however, is the division of retirement accounts. If you and your
former spouse have retirement accounts, the money in those accounts should get
split between the two of you.
4 Good Reasons to Divide Retirement Accounts:
·
You may feel like you’ve earned it, especially
if you were married to your spouse for a while.
·
You have financially contributed to the
retirement account.
·
The value of the retirement account, along with
the interest that has accrued, may be worth a great deal of money.
·
The money may come in handy after the divorce if
you need to find a new home to live in without your ex.
How to Properly Divide These Accounts
You may assume that
splitting the total amount evenly so that you both get half would be your best
option. Although it is one option that you can certainly consider, you may want
to receive guidance from a professional lawyer who can help you with this
process. You do not want to limit yourself to how much you can receive if there
is a possibility that you could end up receiving more than just half. The exact
total that you receive will depend on your unique situation.
If you would like to find
out more about a divorce attorney in Oceanside, please
visit this website.
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