Dividing Retirement Assets – including IRAs, Pensions, and 401(k)s – in Texas
Retirement accounts such as IRAs, pensions and 401(k)s are often a person’s most valuable assets. In some cases, a pension can be worth more than the family home! Due to their high value, dividing these retirement assets is often one of the biggest sources of contention in a divorce. In divorce cases involving complex property division – including dividing retirement assets – you need to have an experienced attorney on your side.
At Carter Morris, LLP, we have extensive experience handling the most complex financial issues that arise during divorce and high-net-worth divorce. We help parties find creative solutions to dividing retirement assets, including:
- Individual Retirement Accounts (IRAs)
- Pensions
- 401(k)s
- 403(b)s
- Employee stock purchase plans
- Deferred compensation plans
From our Houston office, we represent clients throughout the state of Texas. Our firm’s lawyers practice family law exclusively, and our partners are board-certified in family law by the Texas Board of Legal Specialization. If you have questions about dividing retirement assets during your divorce, call us at 713-626-3345.
Dividing Retirement Assets: Which Accounts are Subject to Division?
In Texas, any property that was acquired during the marriage – including retirement accounts – is presumptively considered community property and thus can be subject to division during a divorce. Our experienced family law attorneys will assist you in identifying, valuing, and dividing retirement assetsacquired during your marriage. We frequently work with financial experts such as forensic accountants to aid us in valuing and dividing these assets properly.
Our attorneys will handle any necessary paperwork, including Qualified Domestic Relations Orders (QDROs), to ensure the smooth division of your retirement funds. We will answer any questions and address any concerns you may have about the community property division process.
As experienced negotiators, we have been successful helping our clients achieve their goals without the cost and stress of divorce litigation. However, if your case requires a trial, you can rest assured that our attorneys are fully prepared to represent your interests in the courtroom.