Retirement Accounts and Division of Marital Assets
What You Need to Know
If you are the primary wage earner in the marriage, you may be wondering whether or not you need to share the entire retirement income that was built during your marriage. If you are a stay-at-home parent in a marriage, you may be wondering whether your retirement is secure. The answer to both of those question is — it depends.
Giustino Capodilupo is a family law attorney and Connecticut deferred compensation lawyer who can answer your questions. When a couple divorces, the marital assets and liabilities are divided in an equitable manner. This division includes retirement accounts.
The factors that can complicate the division of retirement accounts include:
- The type of pension or account he current value of the account
- The value of the account at retirement
- The age of retirement
- The client's retirement or lifestyle goals
Ridgefield Delayed Compensation Attorney
At our law firm, we understand the feelings that surround retirement accounts. One of the feelings is fear. There is often fear of the unknown and of circumstances that are beyond one's control. Giustino Capodilupo is an attorney with experience handling divorces for high net worth individuals with complex retirement assets.
Please contact our law office for legal advice regarding your divorce or marital retirement assets. We have experience with the following:
- Rollovers or transfers of an IRA, 401(k), Keogh or Roth account
- Stock option plan current valuation or buy-out
- Consideration of severance packages
- Compensation for non-divisible retirement plans, such as certain types of pensions
- Limiting tax liability when transferring assets
In many instances, a Qualified Domestic Relations Order (QDRO) will be created, which will delineate how the retirement assets should be split when retirement age is reached. The court retains jurisdiction until the matter is completed.
Strong Advocacy for Your Legal Needs
To protect your retirement assets and answer any questions regarding delayed or deferred compensation, please call our law office at 866-644-3769, 203-493-0503 or send us an e-mail. Giustino Capodilupo would be glad to handle all your legal matters.
