Retirement Accounts & Divorce
Attorney Explains Benefits Division
The division of some marital property is fairly simple, but this is not the case when it comes to retirement plans, pensions, and social security. Though retirement accounts can represent a considerable portion of a couple's net worth, they are often overlooked or neglected during the settlement process. This almost always shortchanges the non-employed spouse. The longer a couple has been married and the closer they are to retirement, the more important the division of retirement benefits becomes.
Contact us online or call 614-656-4252 to speak with a knowledgeable lawyer.
Generally speaking, any funds that are added to a retirement plan during a marriage belong equally to both partners. Federal guidelines govern the division of 401(k), 403(b) & IRA plans while state laws determine the division of Public Retirement Plans. To ensure that the division of retirement assets is clearly spelled out and legally binding, a Qualified Domestic Relations Order (QDRO) is often required.
Not All Lawyers Handle Retirement Accounts!
If you're not careful, it's easy to wind up with an attorney who is not sufficiently skilled at handling the complex division of retirement property. This may not be a problem if you are the primary account holder, but can be a huge problem if you're the non-employee spouse. At Richard L. Morris Co., L.P.A., we help clients in Columbus, Gahanna, and throughout Franklin County divide their retirement accounts equitably during a divorce.
When you have questions, we can help. Call us for answers to these and more:
- Will my portion be paid as a lump sum or as monthly payments?
- Can I afford to wait until retirement to collect?
- If I forego my share of retirement benefits, can I be immediately compensated elsewhere?
For over 33 years, Richard L. Morris Co., L.P.A., has been taking the surprises and unknowns out of the divorce process. Call or email us to schedule a case review!
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Put 33 Years of Experience on Your SideAttorney Morris has served individuals and families throughout Franklin County, OH since 1995
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Your Rights Are Always Our PriorityFrom divorce to child custody, we handle cases both big and small with the utmost diligence.
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We Can Thoroughly Review Your CaseWe understand how overwhelming a divorce can be. Call or email today to schedule a consultation.
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“Richard Morris was a great partner in my divorce settlement.”
Very thorough, compassionate to both sides, and a strong advocate for his client. He gave me great confidence in my settlement, and throughout the process.- David W. -
“Straight to the point and gets things done!” - Asia T.
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“If you find yourself in need of a pragmatic divorce attorney, Richard Morris is a great choice.”
He is highly responsive, high communication, explains things well, etc. No sunshine and candy coating, which given the circumstances, I appreciated. I don't plan on needing his services again, but would return if needed.- Bryan B. -
“Extremely great lawyer!!! He will take care of your issues!!!”
I used him 12 years ago when I was going through a nasty custody case with my narcissistic child’s father. Richard knows his stuff and protects his clients!!!! Thank you so much!!!!- In B. -
“Richard Morris is by far the best.”
- Jen B.
He goes above and beyond to keep up communication, keep you informed is incredibly professional as well as extraordinarily friendly. I would recommend Richard Morris above anybody at all times! -
“Rich is the person you want in your corner!”
Very knowledgeable, and helped make a tough time a little bit easier!- Courtney L. -
“Very straight forward and doesn't waste your time.”
“I would recommend him to anybody in need of legal counsel.”- Joe K. -
“Rich showed empathy and care and gave me a sense of relief during the process.”
Rich was direct and dove into business without the unnecessary fluff , saving me time and money. Rich showed empathy and care and gave me a sense of relief during the process. I highly recommend Rich for his professionalism, his dedication coupled with a keen sense of the law even the judge told me I hired “Top Notch”.- Joanna B.
