How are retirement accounts valued and divided in a San Diego divorce? Many of those who begin the process of a divorce in San Diego have not given any consideration to one of the largest assets of their marriage: retirement accounts. In many cases the value of retirement plans and accounts can actually exceed the amount of equity in the…
QDRO
What Will Happen With My 401k and Retirement Plan in Our Carlsbad Divorce?
What will happen with my 401k and retirement plan in our Carlsbad divorce? Retirement and pensions is often something a client hasn’t even thought about when we bring up the subject of property division. “You mean (she/he) gets HALF of my retirement?” Money, especially money associated with retirement, deeply concerns most of our clients. In many cases, especially when the…
What is a QDRO?
What is a QDRO in context of a Carlsbad divorce? How are retirement plans and accounts managed in a San Diego divorce? A Qualified Domestic Relations Order (QDRO) is a legal order which tells the administrator of a retirement vehicle to divide the plan or account, as well as how to do so. Retirement plans such as a 401(k), pension,…
What is a QDRO and Why is a QDRO Important in a Carlsbad Divorce?
What is a QDRO and why is a QDRO important in a Carlsbad divorce? A Qualified Domestic Relations Order or QDRO is a legal document which allows the administrator of a retirement plan such as a 401(k) to actually act upon the orders of a judge in a Carlsbad, Oceanside, Encinitas or North County divorce. Retirement accounts, or at least…
Pay Close Attention to Retirement Accounts in a Divorce
It is important to pay close attention to retirement accounts in a divorce in North County or Carlsbad. For many California couples who decide to divorce, their retirement accounts represent the largest single asset of the marriage and are of critical importance to both parties’ financial futures. This is one reason that over 62 percent of divorce lawyers in a…