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  Posted to group - Money matters    <<Previous    Next>>

Deferred Compensation from Public Company

Several million in future compensation. Is a marital asset? And how is the tax dealt with?


by jlefferts3    3 Posts   
Posted on 5/13/2008 9:50 AM    
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Answers for "Deferred Compensation from Public Company"  (2) (You must be logged in to answer)




i suspect that to a judge, deferred comp looks alot like an IRA or 401k. while there is a way to "split" the 401k to avoid (immediate) taxation (Qualified Domestic Relations Order (QDRO), see here http://www.divorce360.com/articles/396/5-steps-to-splitting-the-money.aspx and here http://www.divorce360.com/articles/259/money-tips-protecting-your-401k-in-divorce.aspx ), I dont know about def comp.

I suspect it can be covered by a QDRO... 

Given the amount involved i would talk to a CDFA (certified divorce financial analyst) check out the directory on the site - it has a list of financial analysts by state.
by jackson   494 Posts
Posted on 5/13/2008 11:02 AM
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every divorce is different and if your spouse is aware of this potential future compensation, i'm sure they will bring it up during the proceedings.  you should really contact a lawyer and tax specialists...also think about talking a divorce financial planner....that's quite a bit of money and i would want to know all the laws and my options.  maybe someone else on this site has another idea here?
by Vicki   854 Posts
Posted on 5/13/2008 10:39 AM
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