Here, you’ll find access to the most detailed information as it pertains to Dividing Retirement in North Carolina.
During your marriage, you and your ex most likely comingled funds and budgeted together. These are sound marital practices, but divorce puts you in a position that requires an in-depth review of the income, expenses, and assets that you and your ex brought to the marriage and forces you to make important decisions with lasting implications. Too often people underestimate just how complex these issues...
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Retirement plans are subject to division through equitable distribution, just as any other marital asset would be. All assets and debts will be divided; bank accounts, time-shares, retirement accounts and even frequent flier miles are subject to distribution. The first step in dividing a retirement account is to determine how much of the plan is marital property, and thus subject to distribution. Depending on the...
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Marital Property Simply put, any asset or liability that was acquired during the marriage is considered marital property, and must be shared by the parties upon the dissolution of the marriage. Everything will be divided, from bank accounts to time-shares and even frequent flier miles. Retirement accounts are also subject to division, sometimes even if the plan was started prior to the marriage. The following...
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Thousands of Raleigh residents are employed at Red Hat’s company headquarters in downtown Raleigh. The software giant offers great benefits and fun work environment for employees. Red Hat employees enjoy unique benefits in the form of environmental initiatives; Red Hat is Raleigh’s first bicycle-friendly business and celebrates and award winning World Environment Day. There are also impressive health and wellness and retirement benefits offered to...
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SAS, one of world’s largest private software companies, is headquartered in Cary North Carolina. SAS has an entire campus positioned right off of 1-40 where more than 5,000 people work. Benefits at SAS are touted as some of the best available – on-site daycare, on-site health care, a 58,000 square foot recreation and fitness center, and even life counseling services for those going through divorce....
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If you and your spouse find yourself having to divide an IBM employee’s retirement incident to divorce, you will want to make sure you know everything there is to know about the process. You’ll want to know what plans are available to IBM employees, the particulars of these plans, and what rules you must follow to divide them among other topics. Whether you are the...
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Each different type of retirement account has its own unique rules to be followed when being divided. For instance, the way you divide a traditional or Roth IRA incident to divorce is much different from how you would divide a pension, 401(k) or military retirement. There are different rules for defined benefit plans and SEP IRAs as well, and true to form, dividing a state...
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