Minnesota | Family Law
Divorce & Disability
I am respiratorily disabled and will soon be taking long term disability and retiring from work. I have a company sponsored savings plan (401K) and will be entitled to a pension and age 65. (I am currently 55 yo). Is my (soon-to-be) ex-wife entitled to any of that money or any of my disability? She is self-employed and running her business in the ''black''
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2 Answers
Answered on: 12/10/07, 11:29 am by Michael PaulRe: Divorce & Disability In a divorce situation, your pension and 401K would generally be considered property, which is subject to division. The disability you will be receiving should be considered income, so depending on how well your wife's business is doing, you may not have to share any of your disability payments. We offer a free initial consultation. Please contact me if you would like to discuss your matter in further detail. Did you find this answer helpful?0 Users found this answer helpful. 0 Attorneys agree with this answer. Cundy & Paul, L.L.C. 7900 Xerxes Avenue South, Suite 1125 Bloomington, MN 55431 ► Other answers from this attorneyShare This On:
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Answered on: 12/08/07, 3:48 pm by Dennis FelixRe: Divorce & Disability The response "that depends" is overwhelming since the entire matter depends on more facts. Namely, her income, the naturre of marital assets other than and including the amounts in the 401k and pension. So call a lawyer immediately. Dennis. Did you find this answer helpful?0 Users found this answer helpful. 0 Attorneys agree with this answer. Felix Law Office, P. A. 200 East Travelers Trail Suite 215 Burnsville, MN 55337 ► Other answers from this attorneyShare This On:
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