Avoid Mistakes When Dividing Retirement Assets
The number of couples divorcing after the age of 50 has increased to the point that it now has a name: gray divorce. When you are closer to retirement, it becomes more difficult to make up any shortfall in retirement assets. It is vitally important for you to assert your rights to your share of retirement funds during the property division phase of your divorce.
Division of retirement funds may also apply to younger couples who are divorcing. You may be in your 20s, 30s or 40s, and if you or your spouse has accumulated retirement funds, you need to understand your right to your fair share. If applicable, lay your claim now so you will not reach retirement age without access to those funds that accumulated during your marriage.
Turn to a Knowledgeable Family Law Attorney to Learn About Retirement Funds and Your California Divorce
At the Law Offices of David M. Lederman, we understand these issues. Call 925-522-8889 or email us to start the conversation. We can help create a strategy to protect your financial future. From our Moraga and Antioch locations, we represent clients across Alameda and Contra Costa counties and throughout northern California in all facets of divorce.
When your long-term marriage ends, emotional ups and downs are part of the divorce process. We can help ensure that you do not make mistakes in property division matters like division of retirement funds while at an emotional low point.
Filing Your Qualified Domestic Relations Order (QDRO)
The division of retirement assets is completed through a qualified domestic relations order (QDRO). We will ensure that the proper documentation has been filed with the plan administrator to protect your portion of the accounts. If this step is overlooked, it can easily lead to regrettable losses and unpleasant surprises down the road.
Help Protecting Your Financial Future
We focus on the numbers. Our knowledgeable family law attorneys can ensure you receive a fair portion of the retirement accounts and other marital property.