Legal Question in Family Law in Texas
Retirement Plan
Husband and I were married in 1995 and have been separated for three years and now he wants a divorce -I have a retirement plan at my job and need to find out if he is entitled to half of it - We don't have any other assets and no children out of this marriage
2 Answers from Attorneys
Re: Retirement Plan
All community assets are subject to division by the court even if they are earned during seperation. You husband doesnt necessarily get 50% but that is the presumption. There are factors that my cause the court to not follow that formula.
Re: Retirement Plan
Your husband is entitled to 50% of assets accumulated during the marriage. If you owned something before marriage, then that is your separate property.
Sometimes, a spouse will waive the asset since the cost of creating the paperwork to divide the asset is more expensive than the asset.
If you have any questions, give me a call. A divorce without children is not too expensive. Dividing a retirement plan can be a real pain (I've done one for a major corporation than has taken 2 extra court appearances because the company won't accept the usual Texas wording.)
My office phone is 713-847-6000. Cell phone 713-805-9591.