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Dividing Pensions In A Divorce

Your retirement portfolio is likely one of your most valuable assets, and one on which you are relying to sustain you as you get older. If you are facing the prospect of divorce, you want to make sure that you have a lawyer on your side who knows how to protect your retirement assets to the greatest possible extent.

If you are in Jefferson County, reach out to attorney Todd K. Bolus. Mr. Bolus has practiced family law in Louisville since 1988, and using his experience he can help you understand how your retirement savings may be affected by your divorce. He can then develop a strategy geared toward protecting those assets so that you can have peace of mind.

To speak with an experienced Louisville pension and divorce attorney, call or email the Law Office of Todd K. Bolus, PLLC.

Dealing With All Forms Of Retirement Property

Retirement accounts are treated like most property during a Kentucky divorce. That is, these accounts are subject to equitable division between the two spouses.

Attorney Bolus is experienced in all aspects of dividing retirement accounts of various types, including:

  • 401(k) accounts
  • IRAs (traditional and Roth)
  • Pensions (for private and public workers)
  • Stocks and bonds
  • Annuities

A Note On Qualified Domestic Relations Orders (QDROs)

Most companies that administer retirement plans will not allow a distribution of assets from an account unless a proper QDRO is on file. These are very technical and complex documents that, if completed incorrectly, can result in the loss of a great deal of money. Mr. Bolus often enlists the help of QDRO specialists whose sole job is to process these documents. This is done to ensure that you are fully protected and not at risk due to a seemingly small paperwork error.

Contact A Jefferson County Attorney To Learn About Divorce And 401(k) Impacts

If you live in the Louisville area and are concerned about how your retirement assets will be treated during property division, or if you have any other concerns about splitting assets in divorce, call the Law Office of Todd K. Bolus, PLLC, at 502-438-9526 or 800-821-4049. Or, if you prefer, send Todd an email.