Division of Retirement Plans in a San Diego Divorce - Pension - QDRO

Division of Retirement Plans in a San Diego Divorce

Pierre Domercq Community Property Division

How will the division of retirement plans in a San Diego divorce be accomplished?  Why is the division of retirement accounts, pension plans, 401(k) accounts, IRAs, Roth IRAs, SEP-IRAs, family owned business and privately funded plans, state employee and teacher’s retirement systems so contentious in California? Retirement accounts are quite often the second largest asset(s) of a couple outside of …

When is a Legal Separation a Good Option Prior to a Divorce San Diego

When is a Legal Separation a Good Option Prior to a Divorce in San Diego?

Pierre Domercq Legal Separation

What is a “legal separation” and when is a legal separation a good option prior to a divorce in San Diego?  A divorce completely severs all legal and financial ties between a married couple in California.  A legal separation provides a process and structure to the separation of two parties from the marriage without ending the bonds of marriage themselves.  …

Are Debts and Property Treated Equally in a Carlsbad CA Divorce?

Are Debts and Property Treated Equally in a Carlsbad CA Divorce?

Pierre Domercq Community Property Division

Are debts and property treated equally in a Carlsbad CA divorce?  How will your personal property, vehicles, real property, investments, retirement accounts and pets be divided during the division of community property? The first concept to understand is the difference between “community” property and “separate” property.  Community property is generally defined as any asset or debt which is acquired by …

What is a QDRO in a Carlsbad Divorce - Dividing Retirement Assets

What is a QDRO?

Pierre Domercq Divorce

What is a QDRO in context of a Carlsbad divorce?  How are retirement plans and accounts managed in a San Diego divorce? A Qualified Domestic Relations Order (QDRO) is a legal order which tells the administrator of a retirement vehicle to divide the plan or account, as well as how to do so.  Retirement plans such as a 401(k), pension, …

Business Valuation and Division in a Divorce

Business Valuation and Division in a Divorce

Pierre Domercq Professional Practice & Business Ownership

Are you considering a divorce in North County San Diego?  Do you own a business or an interest in a professional practice?  If the answers to both questions is “yes” the issues of business valuation and division in a divorce should be one of your primary concerns. California is a community property state.  In the absence of a written agreement …