Divorce and the Division of a $1 Million Employer Payout: Am I Entitled to 50%?
In Florida, where the couple resides, assets are divided fairly but not always equally in a divorce. While there is a presumption of a 50/50 split, a judge could decide differently for the $1 million payout received by the wife upon retirement. However, the husband's lawyer would likely argue for a 50/50 split as the payout was earned during the marriage. Divorce filings tend to increase in January, and the husband should prepare for his net worth to be halved. He may also need to sell the home and downsize.
2 years ago•Source: MarketWatch
