Are annuities protected from divorce?

Are annuities protected from divorce?

Retirement savings, including the cash value of annuities, are almost always split evenly even if one spouse is considered at fault for the divorce. Ask your attorney about having your spouse provide health care coverage as part of the settlement, if necessary.

Do you need a QDRO to divide an annuity?

Splitting a nonqualified annuity does not require a Qualified Domestic Relations Order (QDRO). You need to read the annuity contract to know if you are able to receive via QDRO a lump sum, cash-out, or rollover to an IRA. If the answer is no, you may not want this annuity as part of your share of the marital assets.

Can my ex wife get my inheritance?

An inheritance is normally treated the same as premarital property in the event of a divorce, which means it is not subject to equitable distribution. As a result, you should be able to keep your inheritance from your ex-spouse since it is considered separate property and as long as it was given solely to you.