For corporate officers, executives, and other key employees, certain employee benefits such as stock options and pensions can make up a substantial portion of their overall compensation package. In a divorce, these and other assets that are part of the marital estate will have to be equitably distributed, unless a valid prenuptial or antenuptial agreement clarifies how these assets should be divided. Qualified Domestic Relations Orders in Westport are often necessary to properly divide retirement accounts and pensions in accordance with federal and state laws. Considering the level of discretion courts have when dividing marital assets, it is vital to have experienced legal counsel on your side.
At Broder Orland Murray & DeMattie LLC, our dedicated property division attorneys have extensive experience serving high earners and high net worth individuals in divorce. Over many decades of collective experience, we have gained an instinctive understanding of the various issues involved in these types of divorce cases. Whether you have earned these unique benefits during your marriage or your spouse was the primary breadwinner, our law firm will seek an outcome that adequately protects your contributions to the marriage.
A Qualified Domestic Relations Order (QDRO) recognizes a spouse’s right to receive a portion of certain types of retirement plans and defines certain specifications regarding the distribution of those retirement plans upon a divorce. For instance, it specifies a percentage of a retirement plan that is to be paid out at a set date, such as when that person or the original owner of the retirement plan turns a specific age. We provide experienced representation in securing expert assistance in effectuating a QDRO.
In other instances, it may be advisable for one spouse to keep all of his or her pension or stock options, while the other spouse receives an offsetting share of other marital assets. However, your asset distribution is eventually resolved, know that at Broder Orland Murray & DeMattie LLC, our attorneys will work tirelessly to help you accomplish your goals.
Dividing retirement accounts and pensions during a divorce requires precision to avoid costly tax consequences or penalties. At Broder Orland Murray & DeMattie LLC, our attorneys have extensive experience handling Qualified Domestic Relations Orders in Westport and work closely with financial experts to ensure that retirement benefits are properly valued and divided.
Call us today at 203-222-4949 or contact us to schedule a consultation and discuss how Qualified Domestic Relations Orders in Westport can protect your financial future.