Below you'll find a list of all posts that have been tagged as “401k”
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 are often some of the …
How do you handle division of retirement accounts in a divorce? Most Louisville and Jefferson County divorce cases these days include the division of retirement accounts such as 401(k)s, IRAs, or pension funds. These assets are eligible for division as marital property in Kentucky. The process for ensuring that these assets are properly accounted for and managed as part of …
How will your 401(k) be handled in a Louisville divorce? Retirement assets such as a 401(k) are considered in the same manner as “marital property” and marital contributions are usually fairly or equally divided between the parties. If you entered the marriage with a balance in your 401(k) the “marital property” value of the 401(k) itself can actually be quite …
How are retirement assets 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. These are accomplished with a …