Las Vegas Retirement Plan Division Attorney
Ensure the Fair Division of Retirement Assets
When you get divorced, retirement may be far from your mind. However, retirement assets acquired during marriage are community property and will be divided between the spouses in a divorce.
At Law Practice, Ltd., we have more than 30 years of experience handling divorce issues in Nevada. Las Vegas retirement plan division lawyer Ann E. Kolber Esq. can help you understand your community property rights, divide your retirement benefits, and protect your rights throughout the process.
Dividing & Valuing Retirement Assets
If a retirement plan, benefit, or account is acquired during the marriage, it is community property and is subject to division during your divorce. There are a number of different types of retirement assets, and each may differ in the way it is calculated and the time in which it is paid. When dividing these assets, you want an attorney who knows how to deal with each type of asset appropriately.
We can help you identify and assess the value of a wide variety of retirement assets, including:
- Military pensions and retirement plans: The division of a military retirement plan will vary based on the length of the marriage, the service member’s time spent in the military, and whether there are survivor's death benefits.
- Individual retirement accounts (IRAs) and 401(k)s: We help clients assess the value of these types of retirement accounts and determine how they will be divided. It may be beneficial to have one spouse buy out the other spouse's share during the divorce. In other cases, it may be advisable to file a qualified domestic relations order (QDRO) with the plan administrator to have the asset divided at a future date.
- Public employees' retirement system (PERS): Nevada government employees – including police, metro offices, school district employees, and correction officers – may have benefits under the PERS system, which has special rules and procedures for dividing assets.
- Federal employees' retirement system (FERS): Federal employees have a similar benefit system to Nevada's, with its own unique rules, procedures, and forms.
Don't leave the division of your retirement assets to chance. Retirement assets can be complex, and their division requires the assistance of an experienced and knowledgeable divorce attorney.
At Law Practice, Ltd., we can guide you through the process to ensure that your retirement assets are properly valued and divided in your divorce. We can also make sure your other assets are divided fairly.