For high net worth couples, retirement accounts are substantial assets. When couples divorce, each party is entitled to an equitable share regardless of who saved for retirement. At Karen Ann Ulmer, P.C., our attorneys are prepared to take steps to protect your interest and ensure that all retirement accounts are divided fairly.
SKILLED MARITAL ASSET DIVISION ATTORNEYS
Often, people do not realize that their pensions are marital assets and therefore subject to division in a divorce. Conversely, many people are not aware that they are entitled to a portion of a spouse’s retirement account. Only the portion of the retirement account that was accumulated during the marriage is considered a marital asset. We understand that this can be a confusing issue; our Bucks County divorce retirement account attorneys can help you understand how retirement accounts are divided in a divorce.
UNDERSTANDING OF MILITARY RETIREMENT ACCOUNT DIVISION
Like other types of retirement accounts, military pensions are subject to division in a divorce. However, there are a few significant differences in the rules for dividing military accounts. Additionally, the length of your spouse’s military service can also impact your eligibility to receive a portion of the pension. If you are in the military or married to a member of the military, consult a lawyer before taking any other action.