Division Of Retirement In Divorce
There may be no aspect of marital asset division that is more complicated than the valuation and division of retirement accounts and benefits. There are specific steps that must be taken in order to ensure a complete and fair division. It is critical that you seek the counsel of a reliable North Shore property division attorney.
Boyle Feinberg Sharma, dedicates its entire practice to representing high net worth individuals and their spouses throughout the Chicagoland area in complex family law matters. We are well-versed in the various types of retirement plans that exist in today’s marketplace, and we know how to go about identifying, valuing and dividing them.
We have experience representing clients in the division of all types of retirement accounts, including:
- 401(k) plans
- 403(b) plans
- Profit-sharing plans
- Pension plans
- Employee stock ownership plans (ESOP)
- Thrift and savings plans
- Roth and educational IRAs
- TIAA-CREF plans
- 457 plans
- Defined benefit plans, including securing QPSA or QJSA benefits for nonparticipant spouses
- Simplified Employee Pension plans (SEP)
- Simplified Employee Pension Individual Retirement Arrangement Plans (SEP IRA)
- Top hat plans, SERPs, Rabbi trusts and other non-ERISA plans
- Military Retirement System plans
- Federal Employees Retirement System (FERS) plans
- Railroad Retirement Plan Tier II benefits
Reliable Lawyers In Complex Illinois Retirement Division Matters
In most instances, a qualified domestic relations order (QDRO) is needed to divide a retirement account. Depending on the type of plan involved, however, there are frequently specialized processes and documentation that may be required. Our firm’s extensive experience allows us to provide swift and accurate service in the pursuit of a positive resolution in these matters.
Contact us to schedule an initial consultation with an attorney about your questions regarding division of retirement in divorce. You can reach us by phone at 312-376-8860 or 847-394-3940, or via email.