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#1
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Conflicting Dates in Divorce SettlementI am recently divorced and as part of the settlement I am supposed to receive a payment of 20,000 dollars every year for the next 3 years from my husbands ESOP. He now says that there is a federal law preventing him from withdrawing any money from his ESOP until 2011 when he turns 50 years of age. I have been told that money could be released early under certain circumstances such as through a Qualified Domestic Relations Order (QDRO), but only if it had been accepted by the plan administrator. I am confused as to why the divorce settlement would include payments with a start date of this year when the funds are not accessible until 2011. Is my ex still obligated to pay the amount stated in the divorce agreement on the dates specified in that agreement? |
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#2
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| What does your attorney say?
__________________ * * The information I gave is based on my 7 seconds of research on Google. Review the information yourself to make an informed decision. Communication is KEY - 10 mins of talking now can save you months of headaches later! Masterfully stating the obvious to the oblivious! (Thanks SP!) Tell it like it is! When all else fails, make up a statistic! ![]() Gender references shall apply equally to the other gender. I will not correct gender mistakes (unless I want to) |
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#3
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| Is my ex still obligated to pay the amount stated in the divorce agreement on the dates specified in that agreement? And...what EXACTLY does the judgment in your lawsuit say?
__________________ There are two rules for success: (1) Never tell everything you know. |
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#4
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| Tell us the exact wording of the clause(s) in the divorce decree related to this topic if you want a legitimate answer. |
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