When it comes to property division, there are often complexities that can be difficult to figure out on your own. Although California is a community property state where all of your marriage property and assets will be divided, there are other factors to consider. Retirement benefits, such as pensions and retirement plans, are often subject to property division.
At Ross Family Law, our Pleasanton divorce attorneys have the knowledge and skill to help you tackle all types of retirement plan issues in a divorce. We invite you to call today to schedule a time to talk about your situation. Confidential consultation
California is a community property state where all of your marriage property and assets will be divided. In California, all assets owned by either party during the marriage are presumed to be community property, with limited exceptions. This means the community property interest in retirement assets is usually split equally. The nuts and bolts of accomplishing the division, however, can be quite complex.
Disputes over valuation can lead to lengthy court battles. To avoid burdensome tax consequences, retirement assets must be transferred through a carefully crafted court order called a Qualified Domestic Relations Order (QDRO). QDROs are necessary for most, but not all, retirement assets, and is used to help divorcing couples understand their pension funds and how those funds will be divided.
Retirement benefits that are subject to division in a divorce case may include:
Our Pleasanton divorce attorneys have more than a decade of experience handling divorce cases, including complex divorces. We serve clients throughout the Bay Area and Tri-Valley region, including Livermore, Dublin, Alameda County and the entire East Bay area. Throughout the time we have been in practice, we have worked with clients to help them solve a broad range of family law issues. We understand that complex divorce cases are quite sensitive, and we handle them with discretion, respect, and compassion.