Valuing and dividing retirement accounts is more complex than most attorneys expect. An experienced financial professional can provide ideas to help divide these accounts strategically – and avoid unnecessary costs.
The division of qualified defined benefit plans requires a working knowledge of the benefits provided by the plans. The following is a brief discussion of the different types of benefits provided by the various qualified defined benefit plans.
In most marriages, one spouse takes the primary role in handling family finances. During a divorce, the spouse that did not actively participate in this role — the Dependent Spouse — has a lot to learn in a short amount of time.