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Inherited IRAs may be a possible option for property division

As the time for certain aspects of the new tax law to go into effect approaches, new financial arrangements for divorce are being considered in New Jersey. Since the federal tax law regarding alimony is changing, people navigating divorce proceedings are in search of alternative property division options. One such arrangement involves IRAs. A question was recently posed as to whether it is possible to split an inherited IRA.

Including future assets in property division

Divorce is a complicated undertaking, particularly where division of property and assets are concerned. What a couple holds jointly at the time of a divorce in New Jersey may be relatively easy to ascertain. However, what about future assets such as pensions that are not yet being collected? Future assets also need to be considered as a part of property division.

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