Legal Question in Family Law in Ohio
Retirement funds
Are IRA's considered joint property and would therefore be
an asset that would be equally divided if it were set up after a mariage began?
Asked on 6/21/02, 12:26 pm
2 Answers from Attorneys
Frank Rozanc
Frank J. Rozanc, Esq.
Re: Retirement funds
All income and property acquired during a marriage is rebuttably presumed to be marital property, and is subject to equal division during a divorce. The only way that an IRA could be considered sepaprate property is if the money used to fund it comes from a separate (premarital) source.
Answered on 6/21/02, 11:31 pm
Gregg Manes
Gregg A. Manes, Esq.
Re: Retirement funds
Retirement funds accumulated dduring the marriage is a marital asset and can be divided in the divorce.
Consult counsel for specific advice.
Answered on 6/23/02, 8:32 pm
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