How are retirement accounts usually divided in a Louisville divorce? Retirement assets in a divorce are usually characterized as "marital property" and therefore must be divided equally as part of the marital property division process. If the parties' retirement assets are 401ks the Court must issue separate orders for the division of the retirement asset. ...
Don’t Overlook Retirement in Your Louisville Divorce
When contemplating issues regarding the end of a marriage don’t overlook retirement in your Louisville divorce. Retirement accounts and pensions are often one of the largest assets involved in the process of a divorce. The division of retirement accounts is often completely overlooked, especially by those who attempt to work through a divorce on their...
How Will a Divorce Impact Your Retirement Plan(s)?
How will a divorce impact your retirement plan(s)? How are retirement plans such as a 401(k), Kentucky Teachers Retirement System (TRS), Kentucky Public Pensions (public employees), a pension and even Social Security handled in a divorce? It is interesting to note that many people don’t think about their retirement plans when considering a divorce. However,...
How Much of My Retirement Will I Lose in My Louisville Divorce
We are often asked “how much of my retirement will I lose in my Louisville divorce?” There are multiple forms of retirement assets which must be addressed during the process of a Louisville divorce. Retirement assets can be as straight forward as a 401(k) through work, or sophisticated retirement and pension systems such as the...