New Jersey Divorce Lawyer
Pension and Retirement Plans Division
When two people get divorced, the division of any retirement plans and pension must be settled. In an uncontested divorce, this can be done smoothly with the full agreement of both parties. On the other hand, if the court is involved, this division will go through the formal court procedures. If, for example, an employed spouse has a retirement plan from before the marriage, and intends to continue contributing to it after the divorce, the total value of contributions to it during the marriage can be calculated and the non-employee spouse may be given other property or assets which are of commensurate value instead. Contact a New Jersey divorce lawyer with any questions or for further details regarding division of pension and retirement.
As the head of our team, Steve Monaghan understands the difficulties couples and families can go through in getting a divorce. We are experienced in helping clients to come to successful division of these assets, debt division and the various stages of separating their lives. Your divorce can involve the court to a greater or lesser degree, depending on how much cooperation there is between both spouses in the process.
Family Law Attorney in New Jersey
Pensions and retirement plans are marital assets and as such cannot be excluded in the division process. The full amount will not necessarily be divided equally, but only the total which has accumulated during the marriage. Anything saved for retirement prior to the marriage is not considered marital property and would thus remain yours. An attorney from our office can provide legal counsel and guidance to help you navigate through all division of assets including pensions and retirement plans. The outcome of your settlement in this matter, or the judge's decision, will have a significant bearing on your life.
Contact a New Jersey divorce attorney
for caring and experienced guidance and legal representation in dividing retirement and pension plans.
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