Retirement benefits constitute a significant asset for many married couples, particularly for executives, corporate officers, and other high earners. Upon divorce, these benefits will be considered part of the marital estate and will be subject to equitable division. Dividing pension and retirement benefits in a Westport divorce requires careful analysis to ensure accurate valuation and compliance with all legal requirements. If you have significant marital assets, including retirement benefits, it is imperative that you have a lawyer on your side who fully understands how to protect your interests.
At Broder Orland Murray & DeMattie LLC, our experienced attorneys regularly represent high-income and high-net-worth individuals in divorce. Accordingly, we understand the various issues involved when one or both spouses have accumulated significant retirement assets. For instance, while these benefits may not have a significant value in the present day, these assets can dramatically increase in value in the future. Further, some portion of deferred assets may not be fully vested in the present, but may be vested in the future.
Our lawyers recognize these issues and are prepared to counsel you as to the various implications of each course of action. We are skilled at handling complex property distribution matters involving the division of 401(k)s, pension plans, and other retirement accounts. We engage in careful planning and take a detailed approach to achieve the desired outcome.
Considering the complexity involved in accurately evaluating and dividing these assets, our law firm works closely with qualified experts to establish the value of retirement benefits and other employee benefits. In many instances, a qualified domestic relations order (QDRO) can equitably divide these assets without incurring substantial tax penalties. At Broder Orland Murray & DeMattie LLC, our lawyers craft customized, innovative solutions geared toward achieving our clients’ goals.
Property distribution is often a contentious matter in a divorce, especially when complex assets such as stock options or restricted stock and other employment benefits are involved. At Broder Orland Murray & DeMattie LLC, our attorneys have the experience to effectively handle complex property division cases. Our firm will seek to resolve property distribution disputes in a way that ensures our clients receive an equitable share of the assets.
Stock options, restricted stock, and employment benefits often have payout specifications and may not be accessible until several years after the marriage is dissolved. Additionally, recovering the assets could result in significant tax implications. Our lawyers take the time necessary to ensure our divorcing clients understand all the issues with regard to complex assets so that they can make smart decisions about their property distribution agreements.
We can help provide solutions for the equitable distribution of assets, such as:
Stock options
Restricted stock units
Pensions
Severance package agreements
Bonuses
Other employee benefits
It is not uncommon for one spouse to have little knowledge of the other spouse’s employee benefits and retirement assets. When necessary, our firm will assemble a team of financial experts to help identify assets that are eligible for division. In Connecticut, all assets that exist at the time of divorce are subject to division, so even benefits brought into the marriage by each party need to be identified for the distribution of property.
Please contact us at 203-222-4949 to speak with a Westport or Greenwich divorce lawyer about the division and distribution of investments, bonds, and employee benefits. We serve clients in Westport, Greenwich, and in other cities and towns throughout Fairfield County, Connecticut.
Properly dividing retirement benefits and pensions is critical to protecting your financial future. At Broder Orland Murray & DeMattie LLC, we have extensive experience handling high-asset divorces and understand the unique complexities involved in dividing pension and retirement benefits in a Westport divorce. Our team works closely with financial and legal experts to ensure your retirement assets are valued accurately and divided equitably.
Call us at 203-222-4949 or contact us to schedule a confidential consultation and learn how we can protect your retirement interests during divorce.