Divorce Impact On Pension

Summary

In Indiana, retirement benefits are considered marital property and can be divided in a divorce. Factors such as the length of the marriage and each spouses contributions are considered. If your husband needs long-term care, Medicaid might affect your assets depending on your divorce settlement. Consult with a local divorce attorney for more accurate advice.

Full Conversation

If I am still working and won’t retire for * to 9 years and I want to get divorced how will that affect my pension and retirement if my husband is * and may need to go into a nursing home
Hello ****, the impact on your pension can vary depending on your location. Could you please inform me where you are located so I could provide more accurate information?
Indiana
Hello ****, in Indiana:
- Retirement benefits are considered marital property and can be divided in a divorce.
- Factors such as length of marriage and each spouse's contributions to the marriage are considered.
- If your husband needs long-term care, Medicaid might affect your assets depending on your divorce settlement.
Please consult with a local divorce attorney for more accurate advice.