Missouri Lawyers Handling 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, Wade & Netemeyer, our lawyers have more than 100 years of combined experience dividing retirement accounts.
How The Value Of Retirement Accounts Is Determined
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.
Qualified Domestic Relations Orders
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.