How Are Retirement Assets Divided in a Divorce? - ChooseGoldmanLaw

 Published On Apr 21, 2024

Top Michigan Family Lawyer

0:00 Introduction to the firm
0:20 Intuitive Division of Assets
1:00 Retirement Assets
2:05 Situational Explanation

How Are Retirement Assets Divided in a Divorce? - ChooseGoldmanLaw

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Dividing assets in a divorce can be tricky. Especially with retirement assets, the challenge is real. People often question why they should share these assets.

*Savings made during the marriage, like in a joint savings account, are split equally.
*Retirement assets accumulated during the marriage are considered marital assets and must be divided.
*A Qualified Domestic Relations Order (QDRO) is used to divide retirement benefits like pensions.

Dividing retirement assets needs a clear method. A QDRO helps in splitting these assets fairly. It ensures both parties receive their share at the right time.

For more information: https://akivagoldman.com/michigan-div...

For additional information, watch these videos:
Smart Ways To Divide Retirement Assets During Divorce - ChooseGoldmanlaw
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For more information, read blog below:
https://akivagoldman.com/blog/divorce...

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