NJSBA Family Law Section

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  • 1.  pre-marital retirement accounts

    Posted 03-17-2015 01:37 PM

    Separated parties enter into a consent order that provided for husband (my client) to pay all of the roof expenses and give wife $700 per month support.  Husband works and wife doesn't.  Jan. 2014 they filed a joint tax return and received an $8K refund.  Wife is demanding half the refund. We're arguing it's not subject to ED and she's not entitled.  Had husband changed his exemptions there would have been more money for him each week and no refund and wife had already agreed to what she needed income wise each month.  Why should she be entitled to share in this?

      

    ------------------------------
    Brian Hoffman Esq.
    Keyport NJ
    (732)264-1956
    ------------------------------


  • 2.  RE: pre-marital retirement accounts

    Posted 03-17-2015 01:37 PM
    Caption is incorrect.  Has nothing to do with pre-marital retirement accounts.  Sorry.  

    ------------------------------
    Brian Hoffman Esq.
    Keyport NJ
    (732)264-1956
    ------------------------------




  • 3.  RE: pre-marital retirement accounts

    Posted 03-17-2015 02:10 PM
    Depending upon when the parties separated; if the refund represented
    overpayment of taxes from joint marital income when they were together, then
    would that not be considered marital?





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    In a message dated 3/17/2015 1:36:58 P.M. Eastern Daylight Time,
    [email protected] writes:

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    Separated parties enter into a consent order that provided for husband (my
    client) to pay all of the roof expenses and give wife $700 per month
    support. Husband works and wife doesn't. Jan. 2014 they filed a joint tax
    return and received an $8K refund. Wife is demanding half the refund. We're
    arguing it's not subject to ED and she's not entitled. Had husband changed
    his exemptions there would have been more money for him each week and no
    refund and wife had already agreed to what she needed income wise each month.
    Why should she be entitled to share in this?

    ------------------------------
    Brian Hoffman Esq.
    Keyport NJ
    (732)264-1956
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  • 4.  RE: pre-marital retirement accounts

    Posted 03-17-2015 02:32 PM
    Good question. That's why you should always claim maximum exemptions pending divorce. ------------------------------ Brian Winters Esq. Bradley Beach NJ (732)774-1212 ------------------------------