TextMirror

 Create a text mirror of any webpage in just a few seconds - for free! Enter the URL:

Mirror: finance-zacks-com-divorce-individual-savings-account-6770-html-2018-10-30

Mirrored: 30th of October 2018, 17:31 Settings: Loading the mirror... Original: finance.zacks.com Views: 171, 171 today

#[1]alternate IFRAME: [2]//www.googletagmanager.com/ns.html?id=GTM-WGZCHF [3]Skip to main content. * [4]Home * [5]Stocks + [6]Stocks + [7]Zacks #1 Rank + [8]Zacks Rank + [9]Zacks Industry Rank + [10]Equity Research + [11]Markets * [12]Funds + [13]Funds + [14]Mutual Funds + [15]ETFs + [16]Mutual Fund Screener + [17]ETF Screener + [18]Top ETFs * [19]Earnings + [20]Earnings + [21]Earnings Calendar + [22]Earnings Releases + [23]Earnings ESP * [24]Screening + [25]Screening + [26]Stock Screener + [27]Mutual Fund Screener + [28]ETF Screener + [29]Premium Screens + [30]Quant Monitor + [31]Research Wizard * [32]Finance + [33]Personal Finance + [34]Insurance + [35]Investing + [36]Money Managing + [37]Real Estate + [38]Retirement Planning + [39]Tax Information * [40]Portfolio + [41]My Portfolio + [42]Create Portfolio * [43]Education + [44]Education + [45]Stocks + [46]Style Scores + [47]Funds + [48]Screening + [49]Video + [50]Personal Training * [51]Services + [52]Services Overview + [53]Zacks Ultimate + [54]Zacks Investor Collection + [55]Zacks Premium + [56]Zacks Confidential + [57]Black Box Trader + [58]Blockchain Innovators + [59]Counterstrike + [60]ETF Investor + [61]Healthcare Innovators + [62]Home Run Investor + [63]Income Investor + [64]Insider Trader + [65]Large-Cap Trader + [66]Momentum Trader + [67]Method for Trading + [68]Options Trader + [69]Research Wizard + [70]Stocks Under $10 + [71]Surprise Trader + [72]Top 10 Stocks + [73]Value Investor * Quote or Search_____ Search [74][LINK] [75]Finance [INLINE] * [76]Insurance| * [77]Investing| * [78]Money Managing| * [79]Real Estate| * [80]Retirement Planning| * [81]Tax Information 1. [82]Finance 2. [83]Money Managing 3. [84]Personal Money Management 4. Divorce & Individual Savings Account [85]Even individual savings may be marital property. Even individual savings may be marital property. Comstock Images/Comstock/Getty Images More Articles * [86] 1. Irrevocable Trust & Divorce * [87] 2. Can Joint Savings Accounts With Grown Children Be Considered Part of the Marital Assets? * [88] 3. Can My Husband Get Money I Saved in the Bank Under My Name During Our Marriage? When it comes to marriage and divorce, the word "individual" loses much of its meaning. Courts rarely care how an asset is titled, or which spouse's name is on a savings account. They do care about how the account originated, however, and what happened with it after it was established. Separate Vs. Marital Property In divorce, all assets fall into one of two categories: Your savings account is either your separate property or it's marital property. It's separate property if you opened it before you got married, if someone gave the money specifically to you, or if you inherited the funds. Otherwise, if you opened it during the marriage and regularly contributed to it, it's marital property even if only your name is on the account. Separate property typically isn't divisible in a divorce. Marital property is. Commingled Accounts When it comes to liquid assets such as savings accounts, the lines between separate and marital property can blur, even if you opened the account before you married. For example, you might have have made a few deposits during your marriage, even though the account was originally your separate property. In legal terms, you've "commingled" the account. Generally, the balance as of the time of your marriage is your separate property, but the remainder is marital money. In a divorce, you would have the right to retain your separate portion, but a court will divide the remainder between you and your spouse. In most states, the burden of proof is on you to prove that there was a balance in the account when you married - your premarital property - and how much it was. Interest Even if you never commingled your separate savings account, any interest it's earned over the years might be an issue. These laws can vary from state to state, but in some jurisdictions, marital property includes appreciation of premarital or separate assets. In this case, your challenge becomes to identify the original balance at the time you married and separate out any growth since that time. The growth may be divisible in a divorce. Joint Accounts If you opened a savings account during your marriage, it's technically a joint account. even if it's in your name alone. Your spouse gets a portion of it. How much may depend on whether you live in a community property state or an equitable distribution state. If you live in a community property state, it's usually 50 percent. In other states, property division is left to the discretion of a judge and the split might be more unequal depending on the circumstances involved in your particular situation. If your divorce is amicable, your spouse can take a share you've agreed on and that will be that. Otherwise, a court will have to decide the division for you. If you spend the money before the divorce is final, the account is typically charged to your share of assets in overall property division. You'll have to reimburse your spouse for a portion of its balance, either with a cash payment or by giving her another marital asset. [INS: :INS] IFRAME: [89]//www.dianomi.com/smartads.epl?id=3360 [90]References (4) * [91]Bedrock Divorce Advisors: The Difference Between Separate and Marital Property * [92]DivorceNet: Handling Joint Accounts in Your New Jersey Divorce * [93]WomansDivorce: Divorce Bank Account Questions * [94]The Law Firm of Thurman W. Arnold III: What Are Tracings in California Divorce Proceedings? Tossed Salad and Mixed Vegetables! Photo Credits * Comstock Images/Comstock/Getty Images About the Author [INLINE] Beverly Bird has been writing professionally for over 30 years. She specializes in personal finance and w, bankruptcy, and she writes as the tax expert for The Balance. Recommended Articles * [95]Law for Distribution of IRA in Divorce in New Jersey Law for Distribution of IRA in Divorce in New Jersey * [96]How to Share a Savings With Your Boyfriend How to Share a Savings With Your Boyfriend * [97]Is it Legal to Close an IRA Before a Divorce? Is it Legal to Close an IRA Before a Divorce? [INS: :INS] Related Articles * [98]Who Gets the Savings in a Wife's Name if She Dies? Who Gets the Savings in a Wife's Name if She Dies? * [99]Can a Husband Be Sued for Withholding Money? Can a Husband Be Sued for Withholding Money? * [100]Are Social Security Benefits Considered Marital Property? Are Social Security Benefits Considered Marital Property? Free: Money Sense E-newsletter Each week, Zack's e-newsletter will address topics such as retirement, savings, loans, mortgages, tax and investment strategies, and more. ____________________ Subscribe Editor's Picks * [101]Are Insurance Proceeds Community Property in Idaho? Are Insurance Proceeds Community Property in Idaho? * [102]Revocable Trust Vs. Prenuptial Revocable Trust Vs. Prenuptial * [103]How to Transfer a Savings Account After Death How to Transfer a Savings Account After Death Trending Topics * [104]Latest * [105]Most Popular [106]More Commentary Quick Links Services * [107]Account Types * [108]Premium Services * [109]Zacks Rank * [110]Research * [111]Personal Finance * [112]Commentary * [113]Education My Account * [114]Manage Account * [115]Update Profile * [116]Subscriptions * [117]Preferences * [118]Login/Password Help * [119]Upgrade to Premium Resources * [120]Help * [121]About Zacks * [122]Disclosure * [123]Privacy Policy * [124]Performance * [125]Site Map Client Support * [126]Contact Us * [127]Share Feedback * [128]Media * [129]Careers * [130]Affiliate * [131]Advertise Follow Us * [132]Facebook * [133]Twitter * [134]Linkedin * [135]RSS * [136]You Tube Zacks Research is Reported On: Logos for Yahoo, MSN, MarketWatch, Nasdaq, Forbes, Investors.com, and Morningstar Zacks Investment Research is an A+ Rated BBB Accredited Business. Logo BBB (Better Business Bureau) Copyright Zacks Investment Research At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1986 it has nearly tripled the S&P 500 with an average gain of +26% per year. These returns cover a period from 1986-2011 and were examined and attested by Baker Tilly, an independent accounting firm. Visit [137]performance for information about the performance numbers displayed above. NYSE and AMEX data is at least 20 minutes delayed. NASDAQ data is at least 15 minutes delayed. References 1. https://finance.zacks.com/rss/root.xml 2. https://www.googletagmanager.com/ns.html?id=GTM-WGZCHF 3. https://finance.zacks.com/divorce-individual-savings-account-6770.html#main 4. https://www.zacks.com/ 5. https://www.zacks.com/stocks.php 6. https://www.zacks.com/stocks.php 7. https://www.zacks.com/stocks/buy-list 8. https://www.zacks.com/stocks/zacks-rank 9. https://www.zacks.com/stocks/industry-rank 10. https://www.zacks.com/stocks/equity-research 11. https://www.zacks.com/stock-market-today 12. https://www.zacks.com/funds/ 13. https://www.zacks.com/funds/ 14. https://www.zacks.com/funds/mutual-funds 15. https://www.zacks.com/funds/etfs 16. https://www.zacks.com/screening/mutual-fund-screener 17. https://www.zacks.com/screening/etf-screener 18. https://www.zacks.com/funds/top-etfs 19. https://www.zacks.com/earnings 20. https://www.zacks.com/earnings 21. https://www.zacks.com/earnings/earnings-calendar 22. https://www.zacks.com/earnings/earnings-reports 23. https://www.zacks.com/earnings/earnings-surprise-predictions/ 24. https://www.zacks.com/screening 25. https://www.zacks.com/screening 26. https://www.zacks.com/screening/stock-screener 27. https://www.zacks.com/screening/mutual-fund-screener 28. https://www.zacks.com/screening/etf-screener 29. https://www.zacks.com/screening/premium-screens 30. https://www.zacks.com/premium/quant-monitor/ 31. https://www.zacks.com/researchwizard/index.php?site=screen 32. https://finance.zacks.com/ 33. https://finance.zacks.com/ 34. https://finance.zacks.com/insurance/ 35. https://finance.zacks.com/investing/ 36. https://finance.zacks.com/money-managing/ 37. https://finance.zacks.com/real-estate/ 38. https://finance.zacks.com/retirement-planning/ 39. https://finance.zacks.com/tax-information/ 40. https://www.zacks.com/portfolios/my-stock-portfolio/ 41. https://www.zacks.com/portfolios/my-stock-portfolio/ 42. https://www.zacks.com/portfolios/my-stock-portfolio/create-new-portfolio.php 43. https://www.zacks.com/education/stock-education 44. https://www.zacks.com/education/stock-education 45. https://www.zacks.com/education/stock-education 46. https://www.zacks.com/style-scores-education/ 47. https://www.zacks.com/education/mutual-fund-education 48. https://www.zacks.com/education/screening-education 49. https://www.zacks.com/financial-videos/index.php 50. https://www.zacks.com/p/Zacks-Personal-Investment-Training/10684/ 51. https://www.zacks.com/investment-services/ 52. https://www.zacks.com/investment-services/ 53. https://www.zacks.com/ultimate/?adid=TOP_ONLINE_NAV 54. https://www.zacks.com/investorcollection/ 55. https://www.zacks.com/premium.php 56. https://www.zacks.com/confidential/?adid=TOP_ONLINE_NAV 57. https://www.zacks.com/ultimate/blackboxtrader/ 58. https://www.zacks.com/blockchaininnovators/ 59. https://www.zacks.com/counterstrike/ 60. https://www.zacks.com/etftrader/ 61. https://www.zacks.com/healthcareinnovators/ 62. https://www.zacks.com/homerun/?adid=TOP_ONLINE_NAV 63. https://www.zacks.com/incomeinvestor 64. https://www.zacks.com/insidertrader 65. https://www.zacks.com/largecaptrader/ 66. https://www.zacks.com/momentumtrader/?adid=TOP_ONLINE_NAV 67. https://woas.zacks.com/adv/method/ehsc_long.php 68. https://www.zacks.com/optionstrader/?adid=TOP_ONLINE_NAV 69. https://woas.zacks.com/zcom/researchwizard/tools3.php?site=adid=TOP_ONLINE_NAV 70. https://www.zacks.com/stocksunder10/ 71. https://www.zacks.com/surprisetrader/ 72. https://www.zacks.com/top-10-stocks.php 73. https://www.zacks.com/valueinvestor/?adid=TOP_ONLINE_NAV 74. https://www.zacks.com/ 75. https://finance.zacks.com/divorce-individual-savings-account-6770.html 76. https://finance.zacks.com/insurance/ 77. https://finance.zacks.com/investing/ 78. https://finance.zacks.com/money-managing/ 79. https://finance.zacks.com/real-estate/ 80. https://finance.zacks.com/retirement-planning/ 81. https://finance.zacks.com/tax-information/ 82. https://finance.zacks.com/ 83. https://finance.zacks.com/money-managing/ 84. https://finance.zacks.com/personal-money-management/ 85. https://img-aws.ehowcdn.com/600x600p/photos.demandstudios.com/getty/article/88/163/89649165.jpg 86. https://finance.zacks.com/irrevocable-trust-divorce-7205.html 87. https://finance.zacks.com/can-joint-savings-accounts-grown-children-considered-part-marital-assets-11828.html 88. https://finance.zacks.com/can-husband-money-saved-bank-under-name-during-marriage-5005.html 89. https://www.dianomi.com/smartads.epl?id=3360 90. https://finance.zacks.com/divorce-individual-savings-account-6770.html 91. http://www.bedrockdivorce.com/blog/?p=293 92. http://www.divorcenet.com/states/new_jersey/joint_accounts_and_divorce 93. http://www.womansdivorce.com/divorce-bank.html#BANKACCOUNT 94. http://www.thurmanarnold.com/Blog2/2010/December/What-Are-TRACINGS-In-California-DIVORCE-Proceedi.aspx 95. https://finance.zacks.com/law-distribution-ira-divorce-new-jersey-8082.html 96. https://finance.zacks.com/share-savings-boyfriend-6974.html 97. https://finance.zacks.com/legal-close-ira-before-divorce-6470.html 98. https://finance.zacks.com/gets-savings-wifes-name-she-dies-3579.html 99. https://finance.zacks.com/can-husband-sued-withholding-money-11842.html 100. https://finance.zacks.com/social-security-benefits-considered-marital-property-8497.html 101. https://finance.zacks.com/insurance-proceeds-community-property-idaho-8423.html 102. https://finance.zacks.com/revocable-trust-vs-prenuptial-3757.html 103. https://finance.zacks.com/transfer-savings-account-after-death-8150.html 104. https://finance.zacks.com/divorce-individual-savings-account-6770.html#latest-articles 105. https://finance.zacks.com/divorce-individual-savings-account-6770.html#popular-articles 106. https://www.zacks.com/articles/ 107. https://www.zacks.com/investment-services/ 108. https://www.zacks.com/investment-services/ 109. https://www.zacks.com/stocks/zacks-rank 110. https://www.zacks.com/stocks/ 111. https://finance.zacks.com/ 112. https://www.zacks.com/articles/ 113. https://www.zacks.com/stock-education.php 114. https://www.zacks.com/my-account/index.php 115. https://www.zacks.com/my-account/login-info.php 116. https://www.zacks.com/my_account/order_history.php 117. https://www.zacks.com/my-account/my-email.php 118. https://www.zacks.com/help/faq.php#s12 119. https://www.zacks.com/registration_info.php 120. https://www.zacks.com/help/ 121. https://www.zacks.com/about-zacks.php 122. https://www.zacks.com/disclosure 123. https://www.zacks.com/privacy.php 124. https://www.zacks.com/performance 125. https://www.zacks.com/sitemap.php 126. https://www.zacks.com/contact 127. mailto:[email protected] 128. https://www.zacks.com/mediaroom/ 129. https://www.zacks.com/careers.php 130. https://www.zacks.com/financial-affiliate-program/ 131. https://www.zacks.com/advertising.php 132. http://www.facebook.com/ZacksInvestmentResearch 133. http://twitter.com/#!/zacksresearch 134. http://www.linkedin.com/ 135. https://www.zacks.com/financial-feeds.php 136. http://www.youtube.com/user/ZacksInvestmentNews?feature=mhee 137. https://www.zacks.com/performance/

Recent mirrors


im9 Image Hosting   » Images up to 9 MB, hotlinking & +18 images allowed - all that and much more for free!