How Are Pensions Divided in a Divorce?
Don’t Wait To Be Caught By Surprise
While pensions are treated the same as other types of property in California
divorces, they are fairly complex assets that require a significant amount
of work to determine just how it should be divided. Key parts of this
process involve factoring in how much each spouse contributed to the pension
before they were married as well as how inflation and other factors will
affect the future value of the asset. If you or your soon to be ex-spouse
has a pension, it’s in your best interest to hire an experienced
family law lawyer to help you understand and navigate this process.
Speak with a San Bernardino family law lawyer today by calling us at (909) 992-0188.
At James D. Madden & Aruna P. Rodrigo, Family Law Attorneys, our San
Bernardino family law lawyers have spent nearly two decades representing
families and individuals in their divorce cases. We pride ourselves on
giving our clients the knowledge, support, and experienced legal counsel
they need to secure a beneficial outcome. No matter how far along you
are in your divorce process, contact us today to speak with a member of
our staff and learn more about how we can help.
What Kind Of Division Can I Expect?
Even though the benefits and funds that make up a pension plan don’t
become available until you reach retirement, it can still be split ahead
of time. If you have an amicable relationship with your soon to be ex-spouse,
you may feel like you can come to an agreement with your soon to be ex-spouse
without the help of an experienced attorney. However, there are a number
of situations that may allow you to keep a larger portion, and possibly
the entirety, of the plan.
One example is if you worked and contributed to your pension plan for a
number of years before your marriage, you are likely to be entitled to
a larger percentage of the plan. Another example that could affect the
division is if you have a federal government pension plan rather than
a state plan – some of these plans may not need to be considered
in the divorce process at all, allowing you to keep it in its entirety.
How Can A Divorce Attorney Help Me?
A qualified divorce attorney can help you understand just how much of your
pension plan is considered community property rather than separate property,
put together a plan to protect your pension so you don’t need to
give up any more of it than you need to, make sure that the correct qualified
domestic relations orders are entered, among other things.
Request a free case consultation today by filling out our online form.
Hire A Qualified Attorney Today
Divorces put a lot of stress on all parties involved, and you may feel
overwhelmed by all of the constant attention and management your case
requires. At James D. Madden & Aruna P. Rodrigo, Family Law Attorneys,
our San Bernardino family law attorneys have helped hundreds of clients
successfully navigate the process by providing them with the knowledge
and support they need. Give us a call at (909) 992-0188 to speak with
a member of our staff today, or
fill out our online form to request a free case consultation.