How will a San Diego divorce affect Retirement and pension plans? What do you need to know about these often large assets as you consider and work through a divorce? Generally speaking, retirement and pension plans which are started or contributed to between the date of your marriage and the date of separation will be considered to be community property…
Pension
Division of Retirement Plans in a San Diego Divorce
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…
Retirement Assets and Property Division in a North County Divorce
How are issues such as retirement assets and property division in a North County divorce going to be handled? Does the social security, retirement accounts, retirement benefits or the pension of either or both parties come into play? Almost every North County or Carlsbad divorce case involves the division of retirement assets. The experienced divorce attorneys at Burke & Domercq…
How are Retirement Assets Usually Divided in a North County Divorce?
Here in North County San Diego, how are retirement assets usually divided in a North County divorce? Retirement assets are usually characterized as “community property” and therefore must be divided equally as part of the community property division process. If the parties retirement assets are 401(k)s the Court must issue separate orders for the division of the retirement asset. These…
Dividing 401ks and Pensions in a Carlsbad Divorce
What is the process for dividing 401ks and pensions in a Carlsbad divorce proceeding? Many people do not initially think about retirement plans as part of community property division. Many DIY divorces come to a complete halt when questions regarding 401ks, pensions, profit-sharing plans, State or Federal retirement come about. What do you need to know? Retirement plans are almost…
Dividing Retirement Assets with High Balances in a Divorce
Dividing retirement assets with high balances in a divorce requires experience, legal skill and specialized Qualified Domestic Relations Orders or QDROs. Almost every divorce in Carlsbad or anywhere in North County San Diego involves a retirement account, 401k, IRA, pension or social security issue. Retirement assets which are begun or contributed to during the course of the marriage are going…