There are a number of factors to consider when considering the division of retirement accounts in divorce. Working with an experienced attorney can help to ensure that your financial interests are protected and that you get what you are entitled to when your marriage ends.
Pritt & Pritt, PLLC, represents clients in divorce and property division proceedings. To learn more about the division of pension plans, 401(k) plans, and other retirement funds in divorce, contact a Charleston pension division attorney today.
Dividing Retirement Accounts in Divorce
Retirement accounts are often one of the most valuable assets owned by an individual. If a retirement fund was started during the marriage, it is considered marital property and thus is subject to property division. If the retirement fund was started before the marriage but an individual continued to contribute to it during the duration of the marriage, the portion gained during the marriage is subject to division.
Our attorneys are highly skilled and experienced at complex property division, and can help you work toward the fair division of pension funds, 401(k) plans, and other retirement accounts. We understand how a qualified domestic relations order (QDRO) comes into play when dividing retirement plans, and can explain what percentage each spouse is entitled to.
Military Divorce and Property Division
Dividing a military pension in divorce can be an extremely complex process. Our firm is familiar with the Uniform Services Former Spouse's Protection Act (USFSPA) and other laws that apply to the division of military benefits in divorce. We understand what factors are considered when dividing military benefits, including the length of the marriage, the length of military services, and the number of overlapping years.
We represent both military members and military spouses in divorce proceedings.
Kelly Pritt is the contributing attorney to this content