Doug and Jen married in their late 40s. Doug had been contributing to his 401(k) plan for over 20 years when they married. Now that they were divorcing, Doug wanted to keep the plan assets he accumulated before they were married.
Keeping his Pre-Marital Retirement Assets
How We Helped
Our experienced CDFA analyzed Doug’s 401(k) statements from the date of marriage and separated the gains attributable to his account balance on their date of marriage from the gains attributable to contributions after their marriage.
John’s Outcome
As allowed in North Carolina and many other states, with the CDFA’s analysis, Doug was able to prove what portion of his 401(k) account was attributable to the balance he had when they married. The amount Doug was able to separate from marital property far exceeded the cost of the analysis and Doug was able to keep his separate property as the law provided.
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Mary Salisbury is a Certified Divorce Financial Analyst and a NC family mediator. Mary’s background includes a career as a financial advisor where she held securities licenses 6, 7, 63 and 65. She also formerly held the credentials of Certified Pension Consultant and Qualified Pension Administrator during a career in employee benefits. Mary graduated with degrees in Economics and Marine Affairs from the University of Miami, FL.