What is the name of your state (only U.S. law)? Kentucky
I am divorced and we are trying to settle the division of our 401k pensions. We both worked for the same company and we both started our 401k's before we got married. What is the method to determine the present value of the pre-marital portion of each of our 401k's? Do we use the dollar value on the date we got married (1988) or do we use the number of shares we each had on the date we got married? If we use the number of shares, then it seems like the present value would include the growth of the value of those shares over the years (19 years). It is my understanding that the grwoth during the marriage years is a marital asset.
I am divorced and we are trying to settle the division of our 401k pensions. We both worked for the same company and we both started our 401k's before we got married. What is the method to determine the present value of the pre-marital portion of each of our 401k's? Do we use the dollar value on the date we got married (1988) or do we use the number of shares we each had on the date we got married? If we use the number of shares, then it seems like the present value would include the growth of the value of those shares over the years (19 years). It is my understanding that the grwoth during the marriage years is a marital asset.