Seeking A Fair Division Of Retirement Funds In Your Texas Divorce

There continues to be a great deal of confusion regarding the division of pensions, 401(k)s and other retirement accounts in a Texas divorce. Many people are under the impression that retirement accounts opened in their names belong solely to them. While this may be true in certain instances, at least a portion of most retirement accounts will be eligible for division.

Determining what portion, if any, of a retirement account should be included in the marital estate can be extremely difficult, and the assistance of a qualified Plano attorney is invaluable. At The Barbknecht Firm, P.C., we provide skillful representation to clients in Dallas, Richardson and the surrounding area in all aspects of high-asset divorce, including complex property division.

Understanding How Retirement Accounts Are Divided

Even if a retirement account was opened prior to the marriage, the amount that the account increased in value during the course of the marriage can be considered marital property. If the account was established during the marriage, the entire value of the account will be considered marital property. When disputes arise over the amount that should be divided, we work to secure the most advantageous outcome on your behalf.

Once the amount of funds to be divided has been identified, we will seek the maximum level of funds available based on the property division strategy and your short- and long-term goals. We will assist you with the completion of the qualified domestic relations order (QDRO) or any other documentation that may be necessary for plan providers to transfer funds to your account.

Discuss Your Questions About Division Of Retirement With A Lawyer

From our office in Plano, we represent clients throughout the Dallas area. We invite you to contact us to schedule a free initial consultation with attorney Barbknecht. You can reach us at 972-312-1510 or via email to get started.