Retirement Assets in Divorce for Columbus Residents
Retirement assets can be protected under a lot of circumstances, but divorce is not among them. Any property acquired during the marriage is technically considered “marital property” under Ohio law. This includes assets held in 401k’s or IRAs.
The attorneys at the Lawrence Law Office can help you protect your retirement assets in divorce. Our attorneys have over 59 years of combined experience helping our clients successfully protect their interests and find an equitable means of untangling their assets from a spouse. For more information, please feel free to contact the Lawrence Law Office to set up an appointment.
Maximize Retirement Benefits During Divorce
The divorce rate among Baby Boomers has jumped by more than 50% over the past two decades. This is true in the Delaware, Ohio, and Columbus, Ohio, areas as well. When Baby Boomers terminate their marriage, one critical issue is how are they going to support themselves after the marriage ends.
While these issues are common in any divorce case, they are complicated by the fact that many Baby Boomers are approaching retirement age and will be living off of their retirement income and social security benefits. In a divorce, Baby Boomers need to know how to properly value these retirement assets and understand that there may be some benefit to terminating the marriage once the assets are in pay status. This critical issue requires advanced planning and strategy.
Other Columbus Practice Areas
Family Law | Adoption | Stepparent Adoption | Prenuptial Agreements | Divorce | Real Estate Investor Divorces | Executive Divorces | Physician Divorces | Mediation | Dissolution | Military Divorces | Retirement Asset Divorces | Business Owner Divorces | Spousal Support | Child Custody | Contempt & Enforcement | Same-Sex Couple Child Custody | Paternity