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    msmary1's Avatar
    msmary1 Posts: 1, Reputation: 1
    New Member
     
    #1

    Feb 17, 2009, 06:10 PM
    overdue divorce settlement
    I live in Washington State, and have been divorced for 10 years. In the settlement, I was awarded half of a $40,000 IRA. For one reason or another, that transfer paperwork was never finalized. I have asked my ex about this $20,000, and still have not received it. If I take him to court, can I expect to receive the settlement, plus interest? Or can he claim that the original IRA has lost value, and I am now entitled to half of what it is worth now?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
     
    #2

    Feb 17, 2009, 06:14 PM

    You will probably be awarded half of what it is currently worth unless your divorce settlement specifies a dollar amount,
    cdad's Avatar
    cdad Posts: 12,700, Reputation: 1438
    Internet Research Expert
     
    #3

    Feb 17, 2009, 06:31 PM

    Depending on what the papers say you might get 1/2 of the original amount adjusted to today's value but not to include any contributions he had made to it in the last 10 years. A lot of IRA's you simply can't cash out unless certain circumstances are in order. Those rules would be governed by the director of the IRA plan itself.

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