Among the many assets divided in a property settlement in divorce, retirement benefits such as a pension or 401(k) are one of the largest. Under federal law, a Qualified Domestic Relations Order (QDRO) may be entered by the court to ensure a divorcing spouse receives a portion of the pension, 401(k) or retirement account accumulated during the marriage.
Dividing a retirement account, 401(k) or pension using a QDRO is a highly sophisticated and often complex procedure, so working with an experienced Arizona divorce attorney is essential to ensure all requirements are met and procedures are followed properly.
If both spouses have separate retirement accounts, pensions or 401(k) accounts, the courts usually divide these assets between the parties. However, parties may also develop creative property settlements in negotiation or mediation that trade one asset for another, resulting in equitable property distribution.
Calculating the value of pension, 401(k) and other retirement assets accumulated during a marriage often requires financial experts. Our firm works with professionals with expertise in dividing retirement funds to accurately evaluate the portion of pension, 401(k) or other retirement assets to be divided and paid. We strive to help clients achieve equitable settlements while minimizing any possible tax liabilities.
The decisions you make today can have a lasting effect on your financial future, long after your divorce is finalized. To protect your rights and maximize your fiscal opportunities, you should consult with an attorney experienced in handling complex property division. Lawyers Stephanie Jackson and Nicole Lasiter are committed to helping clients reach their goals in an efficient, cost-effective manner. Contact us to discuss your case with our experienced Phoenix qualified domestic relations orders attorneys.