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Results tagged with divorce
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user 187
10
votes
Can I appeal credit ding if ex-wife is responsible for paying mortgage?
Nope. I don't mean to dis a professional (your lawyer), but s/he created a situation in which this was an inevitable result. In hindsight, if I were forced into such an agreement, i.e. stuck on the mo …
1
vote
Cost basis on sold rental property obtained by cashing out ex-wife, not incident to divorce?
You owned a duplex with a partner.
Cost $75K, $37.5K you, $37.5K partner (as a joint purchase, you co-owned it)
She sold her share to you, at a loss, for $25K.
Your new basis is $62.5
The $100K …
8
votes
Accepted
Settling house with husband during divorce. Which of these two options makes the most sense?
Both are close, but two notes - amiable or not, I'd rather have a deal that ends now, and nothing is hanging over my head to get or pay money on a future sale.
401(k) money is usually pre-tax, so rel …
3
votes
My ex took out 401(k) loans from his 401(k). Does this ruin the integrity of the account and...
No. But you are not splitting the 401(k), the judge is. There is no provision for an employee to simply request funds to give to the ex-spouse. But there is a QDRO, a qualified domestic relations orde …
2
votes
What happens to a cashed out Roth IRA in a divorce settlement?
No, given the circumstances, no tax due.
The fact that the wife wants cash makes my next comment moot, but for others - An IRA in either flavor belongs to the individual and cannot be gifted as such …