If you or your spouse have worked hard for years in the hopes of retiring, you deserve the benefits and security that such foresight allows. However, a divorce can compromise that security if retirement benefits are not valued and divided fairly.
At de Beer & Associates, P.A., our attorneys can help you understand the value of these accounts and how they fit into your overall strategy for property division. We have represented people pursuing their fair share of accounts including:
- Pension plans
- 401(k) plans
- Deferred compensation plans
- 403(b) plans
- Individual retirements accounts (IRAs)
Dividing Retirement Accounts In Divorce
When a couple divorces, one of the more complex and often the most valuable assets that must be addressed are retirement accounts. These benefits really represent deferred wages earned during the marriage that are being held for future distribution. In Minnesota, most financial assets and property obtained by a couple during marriage are subject to valuation and equal division in the divorce settlement.
A Qualified Domestic Relations Order (QDRO) is one method that may be used to address the division of retirement property. A QDRO allows couples to split protected retirement accounts and pensions, but it is a complex legal document. A knowledgeable divorce lawyer — like the ones at de Beer & Associates, P.A. — can help you develop a strong strategy for dividing retirement accounts.
Contact Our Experienced St. Paul Lawyers For Division Of Retirement Assets
Don't let a divorce derail your plans to retire happily and securely; seek informed advice from a family law attorney experienced in similar matters. At de Beer & Associates, P.A., we have been helping our clients pursue fair and favorable results that protect their rights and their financial futures.
To learn more, please contact us online, or call us at (651) 714-2378 or (651) 714-2378 to arrange an initial consultation at no cost.