Home » Family Law » Division of Retirement Plans
Often, people are surprised to learn that retirement plans are subject to property division during divorce. If you or your spouse has a 401(k), IRA, pension or any other retirement asset, all or some portion of those assets may be divisible in your divorce. At Harper, Evans, Hilbrenner & Netemeyer, our lawyers have more than 100 years of combined experience dividing retirement accounts.
Determining the value of a retirement account may not be as simple as it seems. One factor that makes the division of retirement accounts complex is that they may be a mix of both marital and nonmarital property. In other words, the retirement asset may have been accumulated partially prior to the marriage, while some may have accumulated after the date of the marriage.
It is important to ensure an accurate assessment of the components of the marital estate in order to effectively protect your separate property and to ensure that all marital property is included in your final property division. Our Missouri property division attorneys handling the separation of retirement accounts know how to carefully address this issue as they pursue a fair and positive outcome for you.
Many retirement assets require a special mechanism to be divided. For most, this mechanism is a qualified domestic relations order (QDRO). A QDRO is a legal order that splits and changes ownership of retirement assets. Our divorce and family law attorneys know how to craft these orders correctly in order to ensure that property division is accomplished as planned.
To schedule a consultation about retirement accounts in divorce, call us at 573-442-1660 or contact us. We are happy to meet at your convenience.
At Harper, Evans, Hilbrenner & Netemeyer, you will find attorneys with more than 100 years of combined experience handling family law matters for people in Columbia and throughout central Missouri. We are passionate about using our experience to help you achieve your goals during this difficult time in your life.
A paralegal will collect some basic information, including your availability, and call you back to schedule a meeting after checking our attorney’s schedules. Call 573-442-1660 today.
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Our law firm’s location in downtown Columbia gives our attorneys convenient access to the Boone County Courthouse and City of Columbia Municipal Court.
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