Retirement Assets in Divorce

Los Angeles Retirement Asset Division and Divorce Attorney

For many couples, their retirement assets are the most valuable assets they share. When proceeding with divorce, many factors should be considered in order to protect your property rights and financial interests, and to minimize the tax consequences of property division. In Sherman Oaks and Los Angeles, retirement assets division and divorce lawyer Barbara Irshay Zipperman provides clients with experienced, informative and comprehensive legal counsel through the divorce process and the resolution of property disputes.

Sherman Oaks, California, Lawyer — Pensions and 401(k) Plans

Pensions, 401(k) plans and other employer-sponsored retirement plans allow individuals to defer the payment of income taxes while they are held in such retirement plans — enabling retirement accounts to grow faster. However, when a couple divorces, questions are raised as to the division of assets held in these retirement accounts.

It is critical to consult with an experienced attorney to discuss your property interests and your options in divorce. At the Law and Mediation Offices of Barbara Irshay Zipperman, we work closely with clients to address important concerns, such as:

  • How can retirement assets be divided without creating a taxable event?
  • Should retirement assets be divided through a QDRO (qualified domestic relations order) or should they be offset with a different asset?
  • What date of separation should be used in the valuation of retirement assets?

When dividing the community estate, it is easy to lose sight of the true value of certain assets, particularly when assessing the future value of retirement assets. It is important to understand that retirement assets have not yet been subjected to taxation. Regardless of how assets are divided, your retirement assets will at some point be subject to such taxes. If you are contemplating a property settlement agreement involving offsetting retirement assets with another marital asset, it is important to evaluate if the assets are truly equivalent in value.

Attorney Barbara Irshay Zipperman has the experience, resources and determination to provide you with attentive legal advice and effective counsel through this difficult time. Our firm can answer your questions and help you devise legal solutions that preserve your interests in retirement asset division.

Contact an Experienced Los Angeles Property Division Attorney

To get more information about retirement asset division, tax planning or other property division issues, talk with a skilled divorce and family law attorney. Contact our Sherman Oaks family law firm to schedule an appointment regarding the division of assets and debts.