Cincinnati Division Of Retirement Accounts Lawyer

Other than the marital home, retirement accounts are often the greatest assets individuals own. For many, retirement savings will be their only form of income in their old age. During a divorce, these accounts must be divided between the spouses. The manner in which these savings accounts are valued and divided can have a great impact on the age at which you retire and your retirement lifestyle.

At the law office of Eric L. Anderson, LLC, we have been helping individuals throughout the Cincinnati area divide their property during the divorce process for more than 15 years. Lawyer Eric Anderson understands the importance of obtaining fair property divisions.

Together, we will help you protect your property interests and ensure you leave your marriage with a fair share of retirement assets.

QDRO Attorney Helping Clients In Fairfield Divide Their Retirement Assets

During the divorce process, all marital property must be divided equally between the spouses. In Ohio, any retirement benefit earned by one spouse during the marriage is considered marital property and is subject to division during a divorce.

Certain types of retirement assets — including 401(k)s, pension plans and employee stock ownership plans — cannot be divided by a divorce decree. Instead, a qualified domestic relations order (QDRO) is required.

QDROs are subject to many federal requirements. In order to validly divide these retirement accounts, a QDRO must contain the following:

• The name and address of the plan participant
• The name and address of the ex-spouse
• A dollar amount of percentage to be paid
• The duration of payments

Protect Your Future Financial Health. Contact Eric L. Anderson, LLC.

Protect your rights to marital retirement accounts. Contact Cincinnati attorney Eric Anderson for help with division of retirement accounts during divorce. Call our office at (513) 360-4935 to schedule a free initial consultation.