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...
Social Security for Stay At Home Spouses After a Divorce in Louisville
Is it possible to qualify for Social Security for stay at home spouses after a divorce in Louisville? What Social Security benefits can a person qualify for if they gave up a career to stay at home to raise children or manage the household? Kentucky family law provides many considerations for those who give up...
What Will Happen With My 401k and Retirement Plan in Our Louisville Divorce?
What will happen with my 401k and retirement plan in our Louisville divorce? Retirement and pensions is often something a client hasn’t even thought about when we bring up the subject of property division. “You mean (she/he) gets HALF of my retirement?” Money, especially money associated with retirement, deeply concerns most of our clients. In...
What is a QDRO?
What is a QDRO in context of a Louisville divorce? How are retirement plans and accounts managed in a Louisville divorce? A Qualified Domestic Relations Order (QDRO) is a legal order which tells the administrator of a retirement vehicle to divide the plan or account, as well as how to do so. Retirement plans such...