Who Must Divide the Retirement Accounts After a Divorce?
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Are you unsure when your spouse is required to divide their retirement accounts? Watch this educational video to learn more, then give our attorneys a call to set up a free review.
Question:
Who Must Divide the Retirement Accounts After a Divorce?
Answer:
- 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 our experienced Saratoga Qualified Domestic Relations Orders (QDRO) Lawyers today for a free consultation and case evaluation.
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“The staff is extremely friendly and knowledgeable. They truly care about their clients and walk you through the process every step of the way. I highly recommend Jean and her team for any legal needs.”
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