QUESTION
Do we each keep our own IRAs or do they get divided?
Asked on Jan 21st, 2014 on Divorce - Rhode Island
More details to this question:
Does it matter when they were acquired (prior to marriage/during marriage)? Can we agree on how to split our assets and not have the outcome affect the alimony and child support?
3 ANSWERS
How you treat your IRA's is really up to you. You can negotiate a division, a lump sum buyout/sellout, submit it for a Q ADRO analysis and recommendation.
Answered on Jan 22nd, 2014 at 10:31 PM
Commercial Contracts Attorney serving Boise, ID
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Peters Law, PLLC
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You each get half of the other's that was acquired during the marriage. If one owes more than the other, you could have a balancing payment. Generally, the property settlement does not affect the child support. There is no alimony in Idaho, so I don't know about that.
Answered on Jan 22nd, 2014 at 10:29 PM
Social Security Disability Attorney serving Melbourne, FL
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Law Office of Robert E. McCall
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If there is no agreement between Husband and Wife then the Judge makes a decision.
Answered on Jan 22nd, 2014 at 10:28 PM