Division of Retirement Assets
North Atlanta Divorce Attorney
The longer a couple is married, the more assets are accumulated during a marriage and distributed during a divorce. Any benefits you gain during your married years are subject to division – including pensions. The division of retirement assets and pensions is a complex area of law that requires an experienced Sandy Springs divorce attorney to handle. In many cases, retirement benefits are the largest asset that must be divided; therefore, it takes a lot of planning and knowledge on the part of the lawyer to ensure you receive all the benefits you’re entitled to. At Brenner Law Group, LLC, divorce, and family are our sole legal focus; we have spent over 34 years honing our family law and trial litigation skills.
For advice regarding the division of retirement assets and pensions, contact Brenner Law Group, LLC at (404) 418-4006.
What Happens to Pensions After Divorce?
Pensions, social security, and other retirement accounts are considered marital property. During the marriage, contributions made to 401Ks and IRAs through salary deductions can be a large portion of both party’s net worth. The process of dividing retirement assets can be extremely complicated due to federal and state regulations that dictate how the assets can legally be divided. When dividing a pension plan or 401K, you need a qualified domestic relations order.
Qualified Domestic Relations Order
A qualified domestic relations order (QDRO) is a judgment that informs the administrator of the retirement plan and the amount of a spouse’s pension or 401k that will be given to his/her non-working ex-spouse after the divorce has been finalized. A QDRO can be included in your final divorce settlement or can be decided on at a later date as a separate order.
While most firms hire outside QDRO specialists, at Brenner Law Group, LLC we manage the division of these assets ourselves. When necessary, we will hire QDRO specialists to determine how the retirement benefits will be divided.
Contact Our North Atlanta Family Lawyer Today
Our firm is dedicated to helping families, entrepreneurs, and small business owners plan their future after divorce. We take a sophisticated, tax-savvy, approach to asset divisions while also considering emotional attachments you and your family may have to certain property.
If you are considering divorce but are worried about how the division of retirement assets might affect your future, contact our Sandy Springs-based divorce attorney for a free introductory phone call. (404) 418-4006