Division of Retirement Accounts
Protecting Your Financial Interests
One of the more complicated aspects of a divorce involves dividing retirement accounts. Not only are there complex valuations to consider, but also tax implications and the timing of division or payout. Because retirement accounts, such as 401(k)s or 403(b)s can account for a significant portion of a couple’s net worth, it is highly important to have a qualified attorney address this issue.
At the Jim Ross Law Group, P.C., we look at the division of retirement accounts within the context of your entire divorce settlement. We begin by helping you identify your comprehensive legal goals, and then create a strategy to assist you in obtaining your desired results in retirement account division.
What Is A Qualified Domestic Relations Order?
A Qualified Domestic Relations Order (QDRO) is part of the divorce agreement and stipulates how one spouse’s retirement account will be shared with the other spouse.
Our law firm routinely calls upon trained QDRO attorneys whose only focus is on analyzing retirement accounts and drafting these detailed orders. Together, we will help you address a range of issues such as the creation of two separate accounts versus the option for immediate payout, and the tax consequences of each option.
Regardless of the type or value of retirement accounts you and your spouse have, our legal team is in a position to help. We invite you to contact us for a free initial consultation to discuss your specific circumstances and options.
If you are a service member or spouse, our legal team can also help you address the division of military pensions and retirement accounts.
Arlington Division of Retirement Account Lawyers
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