Retirement Assets And Divorce
One of the more challenging aspects of asset division in a divorce is often the matter of division of retirement assets. The very idea of retirement assets can seem abstract and far-off in consequence to young people approaching divorce. However, the outcome of a property division settlement or court order can have a lifelong impact — and perhaps nowhere is that more true than in the case of retirement income. The notable court case known as Woodward v. Woodward in Utah established a precedent. This precedent made it clear that retirement benefits that accrued during the time the parties were married would be divided evenly.
Retirement Assets As Marital Assets
At the law offices of Kristopher K. Greenwood & Associates, our family law attorneys advise parties in Utah divorces. We offer counsel and assistance regarding retirement assets including:
- 401(k) accounts
- Retirement assets divisible through qualified domestic relations orders or QDROs
We often find that spouses do not voluntarily disclose retirement assets. Sometimes this may be inadvertent, but all too often, it seems to be deliberate. Our Salt Lake City divorce lawyers are well-experienced at locating retirement assets and ensuring that they are properly valued. We have several locations throughout the state of Utah to help you.
Educating And Advocating For Clients Approaching Divorce
As you prepare to divide up assets in a Utah divorce, consider the importance of working with a lawyer you can trust. At Kristopher K. Greenwood & Associates, we are here to give you the information and guidance you need to make the right decisions.
Contact A Utah, Complex Divorce Attorney
Do you need legal guidance regarding retirement asset division in a Utah divorce? Contact us today online or by telephone at (801) 475-8800 to arrange a consultation with an experienced Utah family lawyer.