Pensions, 401Ks…these and more become points of contention during divorce proceedings. Divorcing couples need to be cognizant of how these aspects are handled. Too often the parties just want to get out of the union and they are not thinking about what is important down the road. A secure path to retirement is something you will work years to attain. Don’t give it up in a few months!
Consider military retirement. Veterans are subject to special rules and need to consider those exemptions during divorce. Private pension plans also come into play. Retirement plans such as ERISA may very well be part of the outcome. If couples contribute substantial amounts of their incomes to retirement plans then those comingled pensions are considered marital property.
You see, there is much to be considered during this contentious time. It is much more about making sure that you get what is fair and equitable than just “getting out”. To ensure that happens rely on the 50+ years of combined experience of Kidder and Bennett. We are St. Petersburg’s Divorce retirement protection attorneys serving all of Pinellas County. Call us today at (727) 821-8000.
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