How can I get money from an annuity from my divorce?
My ex-husband had an annuity from his union all set up. Once he’s been inactive from that union for two years, he became eligible to cash it out. In our divorce settlement, they awarded me 60% of that. My lawyer suggested that we divide it using a quadro. If he is eligible to cash it out now, can he just do that and get me my 60% of that? If not, then how do I go about establishing this quadro? And how much will this cost me and how difficult is it to get that money out?
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Comments
With the quadro you can do whatever you want with your half.
If he wants to be an idiot and cash it out, let him.
Please make sure you ask your lawyer next time you see him to make sure, since I only know this from IRA’s.
Not sure if your plan is to keep it invested as an annuity or cash it out also.
The quadro is if you want to keep your 60% in the annuity.
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Hi Yvelise,
I think divorces is not a solution to marriage problem, hope you’ll find satisfaction to your decision.
Anyway, in celebration with Mother’s Day this coming Sunday, I’m sharing a story for Dads, and all guys out there who are going for marriage and those who think of setting down ;
http://allaboutfamilyandhealth.blogspot.com/2010/05/marriage.html
Hope you’ll share the story and help thousands of couples decide about divorce ….
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