For most people, being able to live securely and comfortably in retirement is a major goal. It is why you save diligently and put away money that you could just as easily spend. Now, as you are confronted with divorce, you may be understandably worried about what will happen to the retirement assets you have accumulated.
At the Barron Law Corporation, we help clients protect their financial interests during the California divorce process. Since 1991 we have assisted Northern Californians in making sure their post-divorce lives are comfortable, which includes providing fair treatment and peace of mind when it comes to dividing retirement accounts. We encourage you to speak with Sacramento division of retirement accounts attorney Deborah Barron about securing your financial future.
The Basics of Retirement Asset Division
The main thing to understand, and the fact that surprises many people, is that contributions to retirement plans made during marriage are indeed subject to division. This includes funds you contributed as an employee as well as the employer match. Most types of accounts are eligible to be divided, including:
- 401(k) accounts
- IRA accounts
- Corporate pensions
- Military pensions
- Deferred compensation plans
- Stock options
- Qualified Domestic Relations Orders (QDROs)
The rules that apply to a given retirement account depend on the nature of the benefits. Were the benefits offered by a private company, by the federal or state government or perhaps through the military? Though the rules differ, the majority of retirement plan providers will require a qualified domestic relations order to be filed before they will allow funds to be distributed.
These documents are some of the most complex instruments in all of family law. If there are errors, even small technical errors, you may receive less than you should or you may even receive nothing at all from the account. The Barron Law Corporation has extensive experience writing and filing these documents in accordance with the rules of various retirement plans. You can be confident that your best interests will be protected and that you will receive the amount to which you are entitled.
Contact a Sacramento, California, 401(k) and Investment Division Attorney
We are available 24 hours a day, seven days a week to discuss your family law concerns. To arrange a consultation with an experienced lawyer, call 916-486-1712 or toll free 800-LAW-5908. We also offer a free case evaluation via e-mail for prospective clients.