White Plains Retirement Assets And Divorce Lawyer

An effective distribution of retirement assets in a divorce proceeding requires an understanding of all the financial, tax and legal implications. The equitable distribution of retirement assets requires proper valuation prior to the allocation of benefits. Some assets can be divided at the time of separation or divorce, but other assets may not become payable to the parties until the occurrence of a future event. Retirement assets to be distributed through separation or divorce include:

  • 401(k) plans
  • IRA accounts
  • Pensions
  • Stocks
  • Bonds
  • Deferred compensation plans
  • Military pensions and benefits

Proper valuation of these kinds of assets requires legal expertise. A qualified domestic relations order (QDRO) may be required to divide retirement account assets. When one party is awarded a share of a spouse's retirement account in equitable distribution, a QDRO can be utilized to order a transfer from one party's retirement account to his or her spouse's. This avoids the tax penalty that results from liquidation of a retirement account.

We are ready to use our comprehensive knowledge of retirement assets to help our clients value and distribute them, regardless of their complexity. We are able to utilize our vast network of financial and forensic experts to ensure accuracy in valuation.

Westchester County Lawyers For Business And License Valuation In Divorce

We at Carton & Rosoff PC have handled the divorces of family business owners and other high-asset clients in divorce since 1988. If you or your spouse has a closely held business or professional license, we encourage you to contact our firm.

We will rely on our experience and expertise with closely held businesses and professional licenses and degrees to assist in properly valuing these assets.

We work with our vast network of financial and forensic experts to ensure accuracy in valuation and distribution.

To discuss any New York family law issue in an initial consultation with one of our White Plains retirement assets and divorce attorneys, call 914-949-6700 or email the firm.