Divorce & Marriage Issues

Is there any way I can prevent my IRA from being shared with my spouse during a divorce?

Answer:

No. Whatever monies earned in that IRA during your marriage is considered a marital asset. As a result, this means that if you get divorced your spouse will be entitled to 50% of the money. You would also be entitled to 50% of your spouse's retirement money. This is true even if you did not name your spouse as the beneficiary of the IRA.
CPAdirectory
Answer Provided by: CPAdirectory

Share This Answer

Looking For More?

View all Divorce & Marriage Issues Questions

View More Questions