Pension splitting after divorce – Is it possible?
- Author Arron Gilbert
- Published January 19, 2010
- Word count 329
Whenever couples file for a divorce, they calculate the assets to do the proper settlement. But many of them do not remember to include their spouse’s pension as a portion of the income. It is significant to include it as it is a part of your assets that need to be considered while filing for a divorce.
The argument whether a spouse’s pension should be divided among the couple when they are divorced or not will likely cease as you read more. Pensions and divorce are 2 fields which will be linked here and your questions will be answered at the same time.
There are rules for parting assets after a divorce but the actual division depends upon you and your lawyer are able to present the circumstances in court. There is no hard rule or an asset dividing formula that applies to everyone.
Pension divorce calculator may give an estimate to the couple regarding their pensions depending on the current salary. In most of the cases, court makes the decision and finalizes the arrangement related to the assets involving pensions.
It is good to make a consensus rather than leaving all options open and up to the court to make a decision. The lawyer can assist you in this.
In such cases a lawyer’s role is limited to creating the arrangement. Most of the time, issues related to pension especially in divorce cases are extremely complicated. This is why we advise couples to take help from their lawyers and also from pension experts for providing a solution which is satisfactory for both the persons.
Your attorney or pension expert will obviously utilize the pension divorce calculator and will arrive at a decision after finding out what suits the demand of both of you.
In many cases, the wife does not demand the husband’s pension. But if she has done her homework and the attorney is prepared to ask for it, then she may be successful.
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