Valuing and dividing retirement accounts is more complex than most divorcing couples expect. In this excellent blog posting, the Divorce Strategies Group offers the answers to five common questions regarding retirement accounts.
Can a retirement account be divided without triggering taxes?
Is a retirement plan more or less valuable when compared to other assets?
Is a retirement account separate property?
Can you avoid the IRS penalty for early withdrawal in divorce?
Should you “tax affect” retirement accounts when dividing assets in divorce?
Retirement accounts are complicated, especially in divorce. Properly tax effecting and characterizing your estate is critical in divorce negotiations. Having the right people on your team is one of the best ways to ensure you are receiving the settlement that’s best for you.