Equitable Division of Retirement Accounts in Florida
Most people rely on retirement accounts, pensions and profit sharing plans to provide for them when they are done working. The divorce process may call into question your access to these assets. At Feldman & Schneiderman, P.L., we can help you protect your interests and make sure you get a full and fair distribution of pensions, 401(k), 403-(b) and individual retirement (IRA) accounts.
Contact us online, call 561-948-4769 or toll free at 877-645-5762 to discuss your situation with an experienced attorney at our offices in Boca Raton.
Divorce and Retirement Accounts Attorneys
Retirement plans represent unique challenges when dividing property. In many cases, retirement accounts were opened prior to the marriage. Your lawyer can help you gather and present the necessary evidence to demonstrate what portion of the account is marital property and what portion may be considered the sole property of one of the parties. For accounts that are immediately accessible, such as IRAs, it may be financially beneficial to leave the account intact and compensate for the difference by changing the allocation of other assets. Our experienced lawyers will sit down with you to explain your options and help you make the best decision to serve your interests.
Palm Beach Pension Attorneys
Defined benefit plans, including traditional and fixed pensions, are not easily divided or valued. These plans typically offer a fixed payment after retirement spanning the rest of the worker's life, as well as the life of their spouse. This means that the total value of the pension cannot be determined at the time of the divorce. With more than 50 years of family law experience, we can help you address the complex issues involved in finding the best possible distribution of marital assets and debts. Issues of tax liability, valuation and contribution must be considered to get you the settlement you deserve.
If you have questions about dividing retirements accounts in divorce, contact our experienced attorneys by calling 561-948-4769, toll free at 877-645-5762 or by submitting a contact form.
