Dividing Retirement Assets
Retirement savings may be the most substantial asset at issue in your divorce proceedings. Depending on your age, income and retirement goals, these assets may be enough to comfortably support you through retirement — or derail your financial plans if they end up going to your spouse.
At Lutins & Pilgreen, PC, we help clients pursue fair and reasonable arrangements for the division of property. Our experience valuing and dividing retirement assets applies to:
- Pension plans, including federal employee pensions and military pensions
- Traditional and Roth IRAs
- 403(b) or 457 accounts
- VRS benefits
How Are Retirement Accounts Divided In Virginia?
Under Virginia’s equitable distribution laws, marital assets should be divided in a way that is fair to both spouses. This excludes separate property, which is property that was acquired before the marriage, after the date of separation, or via individual gift or inheritance.
In many cases, a qualified domestic relations order, or QDRO, is needed to divide retirement assets. Every detail articulated in this order can have an impact on the total assets you can secure. With substantial sums hanging in the balance, even small mistakes can have expensive consequences. Retaining a qualified divorce lawyer is essential.
Our managing partner, J. Emmette Pilgreen, has substantial experience guiding clients through complex matters of property division. With more than 20 years of experience as a divorce attorney, Emmette knows how to efficiently evaluate the assets at issue, take action to protect your interests and develop innovative strategies to secure what you are entitled to.
Contact Lutins & Pilgreen, PC, For A consultation
Schedule a initial consultation and learn more about dividing your retirement assets in divorce. Please call our Roanoke office at 540-627-5150 or send us an email, and we will reach out to you promptly.