Dividing Retirement Interests in a Divorce

Divorce may be complicated, especially when dealing with considerable assets. For those with retirement accounts, they are just one more factor to consider.

At The Prince Law Group, we have more than 25 combined years of experience handling divorce and family law issues, including retirement 401(k), IRA, Pensions and the effects of QDROs and tax consequences. For our Stamford, Connecticut, clients, our experience and our practical approach is a helpful support during the divorce process.

Division of Assets

Since a retirement account is held individually, that party often thinks that their retirement is off-the-table in negotiations. However, retirement accounts and other financial accounts held individually or in conjunction with others such as a parent, sibling or business partner are consider marital assets that the parties will discuss and divide fair and equitably as if both parties owned the interest together.

Our attorneys have experience with valuation of:

  • Standard retirement accounts: We have experience with IRA, 401(k), and other retirement plans, including the tax implications of dividing these plans.
  • Employee compensation packages: Some fringe benefits are not realized until after the fact, but they are still considered part of the employee's income. We have experience valuing stock options, investment accounts, real estate and business ownership and partnership interests.

  • Stock options: Restricted or unrestricted stock options being held as a retirement investment or deferred income must be valued and equitably distributed.
  • Employee bonuses: Any bonuses received as part of employment may be considered income or an asset and are subject to division during the divorce process.

Greenwich IRA and QDRO Attorney

Our goal is to get you the most advantageous deal possible in the distribution of assets in your divorce. 401(k)s and other retirement accounts are divided through a Qualified Domestic Relations Order (QDRO). We work with accountants and economists to value your assets and retirement accounts for purposes of division through QDROs, DROs or pension elections to a surviving spouse.

An Intelligent Approach

We keep in mind your goals. There are hidden tax consequences with the division of various assets. We keep in mind the tax exemptions available to protect your assets, and the need to present a plan to the court that is fair and reasonable. Through this attention to detail, our lawyers have saved our clients substantially, opening up money for a second home or children's college tuition.

Contact a Stamford Divorce Retirement Account Lawyer

We offer a free initial consultation for you to get more acquainted with our services and the ways we can benefit you in your divorce. Either call our offices or contact us online.

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