Experienced Guidance Dividing Retirement Assets In Divorce
In many divorces, retirement plans are the most significant marital asset that must be divided. In most cases, retirement savings, pensions, stock options and other retirement savings are subject to Rhode Island’s property division laws. Brenda F. Rioles has a thorough understanding of state statutes as they apply to dividing retirement accounts and other assets in divorce. Her experience and comprehensive knowledge in this area of divorce law assures her clients that their interests will be protected.
Secure The Assets That You Deserve
Different legal processes are used to divide retirement assets depending on whether they are held in an individual retirement account (IRA) or in a 401(k), 403(b) or other company-sponsored retirement or pension plan. IRAs are divided using a process known as transfer incident to divorce, while a 401(k), 403(b) or similar plans are divided using a qualified domestic relations order (QDRO).
As with all division of marital assets, it is optimal if you and your spouse can reach agreement without the need to litigate. Ms. Rioles works to reach agreement through negotiation and, if necessary, mediation. If a fair agreement cannot be reached amicably, she is an experienced trial attorney who is always prepared to advocate for her clients in family court.
The proper division of marital property is essential to establishing a sound financial foundation for your post-divorce life. Do not risk forfeiting your share of retirement assets. Work with a lawyer who will ensure you are informed about payout options and alternative resolutions regarding the division of pensions, retirement accounts and similar assets.
Ready To Answer Your Questions And Protect Your Interests
Rioles Law Offices welcomes the opportunity to answer your questions about the division of retirement accounts or any family law matter during a consultation. Call 401-680-9686 or use this site’s online contact form to schedule a meeting. The firm represents clients throughout Rhode Island from its Providence office.