How will a 401k be handled in a Louisville divorce? Retirement assets such as a 401k are considered in the same manner as "marital property" and marital contributions are usually fairly or equitably divided between the parties. Is a retirement asset the separate property of the owner, or is it a marital asset and subject...
How are Retirement Accounts Usually Divided in a Louisville Divorce?
How are retirement accounts usually divided in a Louisville divorce? Retirement assets in a divorce are usually characterized as "marital property" and therefore must be divided equally as part of the marital property division process. If the parties' retirement assets are 401ks the Court must issue separate orders for the division of the retirement asset. ...
Don’t Overlook Retirement in Your Louisville Divorce
When contemplating issues regarding the end of a marriage don’t overlook retirement in your Louisville divorce. Retirement accounts and pensions are often one of the largest assets involved in the process of a divorce. The division of retirement accounts is often completely overlooked, especially by those who attempt to work through a divorce on their...
How Will a Divorce Impact Your Retirement Plan(s)?
How will a divorce impact your retirement plan(s)? How are retirement plans such as a 401(k), Kentucky Teachers Retirement System (TRS), Kentucky Public Pensions (public employees), a pension and even Social Security handled in a divorce? It is interesting to note that many people don’t think about their retirement plans when considering a divorce. However,...