Division Of Retirement Assets
Retirement assets, particularly the more complex retirement assets, are often overlooked during the property division phase of a divorce. At Mowery Youell & Galeano, Ltd., we carefully review assets to make certain nothing is left on the table. Our lawyers regularly handle high-asset divorce cases in which valuable and complex retirement assets are a factor, so we understand the unique nuances that come into play when valuing and dividing this property.
Types Of Retirement Assets
Our Dublin attorneys can address division of all types of retirement assets in a divorce, not just 401(k)s. We can handle the division of 403(b)s, 457(f)s and all varieties of qualified retirement accounts and non-qualified retirement accounts. Retirement assets that are all too often overlooked, such as deferred compensation, are handled regularly by our attorneys.
Valuing And Dividing Retirement Accounts
With more than 30 years of experience on our side, we know that identifying all present retirement assets is only the first step. Next is the question of their value. While these assets may have a stated value, that may not be their true value today. We may need to work with financial experts to understand what the account is worth right now.
Division of some retirement accounts requires a specific tool: a qualified domestic relations order (QDRO). A QDRO divides and changes ownership of a retirement plan. Our lawyers are skilled in the use of QDROs and similar tools.