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Washington Assets  Form

Washington Assets Form

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Instructions and help about Washington Assets

when it comes to splitting assets like retirement assets anything that's being moved from a pre-tax account has to be moved to another pre-tax account so in the case of like dis spitting as let's say a DCP basically what happened would be the money would be split inside of DRS and half that money would be placed into another DCP account or Plan Three account whatever it was and we placing The spouse's name so even though they're not a state employee they would still have a CCP or Plan Three account with the state just so money could transfer over and they're Eble to split it now once that process is done as long as that spouse isn't working for the that money can essentially be moved out they can roll it over into a 41k IRA whatever they want to do with it now splitting retirement in assets and retirement is not a taxable event so you cutting your account in half isn't going to kill any taxes moving money that you received in divo

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