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...
Dividing Retirement in a Louisville Divorce
How are retirement accounts, pension and social security handled in a Louisville Divorce? Dividing retirement in a Louisville divorce begins with the requirement for all retirement accounts such as 401k or pension plans to be divided based upon marital property laws. However, social security is considered "separate" property in a Louisville or Jefferson County divorce...
What Will Happen With My 401k and Retirement Plan in Our Louisville Divorce?
What will happen with my 401k and retirement plan in our Louisville divorce? Retirement and pensions is often something a client hasn’t even thought about when we bring up the subject of property division. “You mean (she/he) gets HALF of my retirement?” Money, especially money associated with retirement, deeply concerns most of our clients. In...
Division of Retirement Accounts in a Louisville Divorce
The beginning of a new year often leads to financial planning, new goals as well as considerations of major life changes. January is one of the highest months for divorce filings in Louisville. One of the most common issues is the division of retirement accounts in a Louisville divorce. Pensions, 401(k)s, and other retirement accounts...