What About Dividing Retirement Accounts After Divorce?
- In general, the party taking a deferred compensation or pension plan – the non-titled party – is responsible for drafting the order to divide the pension plan or deferred compensation plan.
- Sometimes, in cases that require multiple orders, the cost can be significant and we try to negotiate allocation of the cost to divide these assets before an agreement is done.
- These are marital assets and neither party should bear the total burden of dividing those assets.
Are you unsure when your spouse is required to divide their retirement accounts? Contact experienced Saratoga Divorce Lawyer Jean Mahserjian for navigation.