What happens to Kentucky TRS and KPPA pensions in a Louisville divorce? What does a teacher, a public employee and/or their spouse need to know about how these accounts will be managed during property division in a divorce? Generally speaking, all debts and assets obtained by either or both parties from the date of the...
Funding Your Retirement During a Louisville Divorce
What are the options to ensure funding your retirement during a Louisville divorce? Gray divorce (where the parties are over the age of 50) has become much more common over the past decade. One of the most common challenges which must be considered in a gray divorce is how to provide adequate retirement for each...
How Are Retirement Accounts valued and Divided in a Louisville Divorce
How are retirement accounts valued and divided in a Louisville divorce? Many of those who begin the process of a divorce in Louisville have not given any consideration to one of the largest assets of their marriage: retirement accounts. In many cases the value of retirement plans and accounts can actually exceed the amount of...
What Happens to Retirement Plans in a Divorce in Louisville?
What happens to retirement plans in a divorce in Louisville? What happens to Social Security benefits in your divorce? There are many different types of retirement plan vehicles including defined contribution plans, defined benefit plans, Individual Retirement Accounts (IRAs) as well as public employee or teachers retirement systems such as KPPA and KTRS. Defined contribution...