Columbus Attorney Handling Division of Retirement Assets in Divorce
The process of property division in a divorce is often complicated by the division of retirement assets like 401(k) accounts, IRA accounts and pension plans. In some cases, husbands and wives are uncertain about their spouse's retirement accounts. In other cases, a spouse is unwilling to share the value of retirement assets because they feel they are personal in nature.
In Ohio, all assets obtained by either spouse during a marriage are subject to division by the courts (including retirement accounts). In determining how to divide assets, a court may consider evidence from both parties concerning the value of assets. As it is impossible to determine precisely how a court will divide marital property, it is always best for husbands and wives to seek an amicable agreement to resolve property disputes when possible.
At the law office of Richard L. Morris Co. L.P.A., we represent people throughout Central Ohio in divorce and family law matters. Lawyer Richard L. Morris has represented clients throughout from our Gahanna, Ohio, law office since 1990.
When handling a divorce where retirement assets are involved, we provide comprehensive assistance with these and other matters:
- Valuation of retirement accounts and all other property
- Division of retirement accounts and assets
- QDRO: A QDRO (Qualified Domestic Relations Order) is an order dividing retirement accounts that instructs the appropriate benefits administrator to divide the retirement account to provide a share of its value/benefits to the spouse of the retirement account holder (this division does not have to be an equal division).
- DPO: Similar to a QDRO, a DPO (Division of Property Order) involves the retirement accounts of public employees. Unlike a QDRO, however, a DPO does not establish a separate account for the non-employee spouse.
To learn more about retirement asset division in divorce and other division of asset issues, contact our law office today to schedule a free telephone consultation.
Contact Us
To speak with attorney Richard L. Morris or to schedule an appointment for your free telephone consultation, call 614-428-0052 or contact us by e-mail.
