SoleMate Posted May 31, 2014 Posted May 31, 2014 High time to see a family lawyer and learn your rights and how to protect yourself. Also be aware that people can and do forge signatures of the type he is asking you for. Please take action NOW to protect your security and assets. 2
JustC Posted May 31, 2014 Posted May 31, 2014 (edited) A "bimbo", huh? Paris, huh? Let me tell you something about pretty, young women... They're expensive if you're some old, technically still married guy. You may be afraid of the financial outcome if you say you won't sign it but the alternative of signing it puts you at a high risk. Also, by paying the mortgage, he is maintaining something of value. I don't know your finances but I am aware that divorces are expensive. And that's probably why he hasn't filed those papers. Edited May 31, 2014 by JustC
zen2475 Posted May 31, 2014 Posted May 31, 2014 I must echo what the other posters have said. See a family law attorney asap. You could tell him you'll agree to him cashing in the IRA, but only as part of divorce proceedings where ALL you assets are divided equitably. Half of that IRA is yours. If there is cash in a life insurance policy (like a whole life policy) half of that money is yours. A family law attorney with his salt will conduct discovery into all of his assets and that way you may be able to find anything else he's got socked away while he was married to you. Don't be afraid of making him angry. He's trying to pull the wool over your eyes.
zen2475 Posted May 31, 2014 Posted May 31, 2014 It sounds like he's going to roll the IRA into another type of retirement or investment account, but I would not take his word for it that you would be the beneficiary.
beach Posted May 31, 2014 Posted May 31, 2014 Do not sign anything. It means you won't be the beneficiary of his money any longer. Just tell him "NO". No - is a complete answer. And the life insurance policy. Check to be sure you are still the beneficiary on that as well. If he wants to take you off of those agreements - he needs to be willing to give you half of the value of there worth. He's being "nice" to manipulate you to do what he prefers. Now is not the time to fall prey to him being nice. Just stick with NO as your answer. 1
jakrbbt Posted June 11, 2014 Posted June 11, 2014 I'm going to be evil: Tell him you have drawn up a counter-agreement: You want HIM to sign the IRA over to YOU. Give him a big Michael Landon smile and tell him not to worry, that you promise you'll really really give him some of the money when you inevitably turn it into more money, after he's relinquished it all to you. Do you think he'll agree to that? No? Why not? !!!! There is a reason he can't do it without your permission. There is a reason it's called "permission" or "consent"-- it is absolutely yours to grant or not. And DON'T WORRY if you think he'll revoke all his niceness when you refuse to do the little favor of basically giving him your biggest asset. How much would you pay for a few months of niceness from some tacky old dude? $800,000 you said it was? I'd re-evaluate that. Hell, I'd even pay a dollar to have the guy get out of my face and quit being all nice bugging me about my money. Ohhh, don't get scammed. I hate when people get scammed. Good luck. You don't need this nonsense. Remind me not to do business with this guy!
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