Divorce and Retirement

[Anonymous]

Anonymous wrote:Retirement funds should not be a marital asset.

If the retirement account was being funded while the couple was married, of course it should be.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Call Pushkin and Pushkin - they will calculate the plan value and prepare the order for your lawyer. It’s $1k consult but you will be screwed without it

do they come up with a higher value than your pension statement lists as the value (which seems to be too low)?

Yes, as they do long term actuarial evaluation and you would know the actual value of the retirement plan. It's extremely important to know the net present value, particular if you are trading assets

[Anonymous]

Anonymous wrote:Retirement funds should not be a marital asset.

LOL!

[Anonymous]

Anonymous wrote:Does anyone in Maryland have experience with getting a Divorce and Having a Qualifed Domestic Relations Order signed for a spouse retirement plan. What if the spouse refuses to sign, can the court sign?

What do you mean can the court sign it? The court can order it if you can't get it together without litigating about it.

[Anonymous]

Anonymous wrote:In Md your retirement accounts will be equalized.

Is this also true for VA?

[Anonymous]

Anonymous wrote:

Anonymous wrote:In Md your retirement accounts will be equalized.

Is this also true for VA?

Yes, anywhere

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:In Md your retirement accounts will be equalized.

Is this also true for VA?

Yes, anywhere

Perhaps in all community property states, but not necessarily in equitable distribution ones.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:In Md your retirement accounts will be equalized.

Is this also true for VA?

Yes, anywhere

Perhaps in all community property states, but not necessarily in equitable distribution ones.

+1 and Virginia is an equitable distribution state

Also, the parties can agree to anything in a divorce

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:In Md your retirement accounts will be equalized.

Is this also true for VA?

Yes, anywhere

Perhaps in all community property states, but not necessarily in equitable distribution ones.

+1 and Virginia is an equitable distribution state

Also, the parties can agree to anything in a divorce

VA is a community state. Even in equitable distribution states the default is 50/50

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:In Md your retirement accounts will be equalized.

Is this also true for VA?

Yes, anywhere

Perhaps in all community property states, but not necessarily in equitable distribution ones.

+1 and Virginia is an equitable distribution state

Also, the parties can agree to anything in a divorce

VA is a community state. Even in equitable distribution states the default is 50/50

VA is not a community property state. It is an equal distribution state. Look it up. Any legal website will tell you this.

https://www.generalcounsellaw.com/what-is-equitable-distribution-in-virginia/

https://www.livesaymyers.com/equitable-distribution/#:~:text=Virginia%20is%20an%20equitable%20distribution,party%20to%20ensure%20an%20%E2%80%9Cequitable

Parties can agree to a split of anything in a divorce regardless of a default. We kept our own. Costs more to use lawyers to penny pinch to do exactly 50/50.