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Posts tagged "retirement accounts"

Avoiding fees when dividing retirement accounts in divorce

Certain community assets are are difficult than others to accurately divide during a Texas divorce. For many couples, retirement accounts and pensions may seem straightforward. After all, these accounts have a clear balance. It's easy to determine what was deposited during the course of the marriage, as opposed to what was in the account before the marriage.

QDROs and other issues related to retirement plans in divorce

In some cases, property division in divorce is pretty straightforward. It's clear what can be characterized as marital assets, which can then be divided fairly between the spouses.

How will the 401(k) be divided in your divorce settlement?

Retirement accounts started in the course of a marriage are categorized as community property in a Texas divorce. That means the retirement account will be split between the divorcing parties. For decades, real estate such as the family home was the biggest asset to consider, but now, as more baby boomers are deciding to end their marriages, significant funds in 401(k) and pension plans can be more valuable than real property.

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