Reply to How much alimony do you get if you were married for less than 2 years?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Friends of mine got divorced a few years ago.  They had been married 10 years, no kids.  She had no significant assets when they married.  He already owned a small house.  She was underemployed for the first 8 years of the marriage and unemployed for the last 2 years.  She left with 1/2 of all their assets (including their house and his small side business), 4 years of alimony (enough to live on), and a cut of his retirement savings and future pension.  She did her homework and got a great lawyer.  A shorter marriage will result in a smaller alimony payout, but her having moved and being unemployed will likely result in some sort of alimony, even if only for a few months. [/quote]

Sounds like he had perhaps the worst divorce lawyer to ever pass the bar. No kids? She worked at least part time for 8 of the 10 years? I get splitting the assets and a few years of alimony. But how the hell did his lawyer give up a huge cut of his client's 401k and pension?!?[/quote]

It doesn’t say he gave up a [b]huge[/b] cut of his retirement. It says she got a cut of his retirement. [b]That’s fair. [/b]A portion of it was earned during the marriage, was marital, and should have been divided. [/quote]

No. Fck off. If you split now, the idea that you get each other's money in 30 years is absurd.[/quote]

If you are married greater than 10 years and don't remarry [b]you get his Social Security.[/b] Greater than 10 years is considered a long term marriage. I have been married 20 years. My wife has not worked the vast majority of marriage. I have a seven figure 401k. I would assume I would have to give half of that to her and it would be rolled into an IRA in her name. I also have a cash balance pension that pays out later on from a company I started working at after we were married and no longer work at. I assume she would get half that pension check.

She had no opportunity to save for retirement or contribute to SS in last 20 years. Why would I get to take her retirement money in a divorce?

A ten year threshold is a huge bar to pass. Some rich folk married to poor folk have been know to file for divorce sometimes at year 9 years and 11 months sometimes without telling spouse. Past ten years is a long term marriage.     [/quote]

To clarify about the bolded part.... the non-working spouse (NWS) can apply and receive SS based on the working spouse's work record.  The NWS can get a max of 50% of the SS benefit (if it is greater than what NWS would receive on her own work contributions record).  This has no effect on the working spouse's SS benefits.  even if there is a new wife (I'm assuming the NWS is female), and she is married to the working spouse for another 10 years, BOTH spouses can receive SS benefits based on the working spouse's work record... but again, the max each can get is 50% of the total benefit (of the working spouse), and this assumes that the ex spouse does not remarry before 55 yrs of age.  [/quote]

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