Division Of Retirement Plans
During your divorce, your most valuable asset may be your retirement plan. While you may not own numerous properties or amassed a fortune, you have been accumulating savings for your retirement for most of your life. You cannot afford to risk your future.
Once a court has divided your property, making changes later may not be possible. That is why it is critical to hire an experienced and financially savvy attorney who can make certain your interests are protected.
Skilled Financial And Legal Guidance During The Retirement Plan Division Process
At Duff & Kronfeld, P.C. in Fairfax, Virginia, our lawyers bring decades of experience and financial knowledge to the table during your divorce proceeding. All of your property – including your business assets – may be up for grabs. The property division process also involves your private pension, 401(k) and other retirement plans.
Northern Virginia is home to many state and federal employees. Preservation of your government retirement plan assets requires extensive knowledge of state and federal applicable laws. We have the experience and skill to protect your government-sponsored defined contribution and defined benefit plan, including:
- Federal Employee Retirement System (FERS) plans
- Civil Service Retirement System (CSRS) plans
- Virginia Retirement System (VRS) plans
- Military and foreign service pensions
- Thrift Savings Plans (TSP)
- 457(b) and 403(b) plans
- Municipal employee retirement plans
Establishing the correct value of benefits held in these plans is critical and complex. In most cases, it requires thorough analysis, specific knowledge, an understanding of the significant potential tax consequences involved and careful treatment of the issue in final divorce decrees.
Duff & Kronfeld, P.C. Is Dedicated To Protecting Your Assets
If you are facing a divorce and have retirement savings, contact us to find out how we can protect your financial future. Call us at 703-591-7475 or send us an email to schedule a consultation.