When it comes to property division in a divorce, there are often retirement or pension plans that are on the table to be split between the divorcing spouses. Splitting a qualified retirement plan or pension plan in a divorce requires the preparation of a QDRO (qualified domestic relations order). A QDRO allows for the division…

According to the Social Security Administration, women receive 24% less in Social Security benefits than men do, the result of women typically having spent fewer years in the workforce and earning less than their male counterparts. In addition to having a lower benefit, women also depend more on Social Security for their living expenses.  The…

Retirement accounts are typically one of the major assets married couples have. These accounts are considered marital property if they were acquired during the marriage. Couples who divorce as they are nearing retirement need to consider the long-term worth of each asset; trading away retirement assets in order to keep the house may be a…

  To divide many types of retirement accounts in a divorce, federal law requires that special court orders called Qualified Domestic Relations Orders be submitted and approved by the court. This order, referred to as a QDRO, provides instructions to a retirement plan administrator on how to divide funds from a retirement account after a…

Retirement accounts are often one of the most valuable marital assets to be divided in a divorce. Regardless of whose name is on the account, retirement funds that accrued during the marriage may be divided in a divorce “Retirement accounts” encompass a variety of accounts – individual retirement accounts (IRAs), 401(k) plans, 403(b) plans, Railroad…

If your marriage lasted 10 years or more, and you are now divorcing, you may be able to receive Social Security benefits on your soon-to-be former spouse’s record (or vice versa). In order to receive these benefits on your former spouse’s record, the following criteria must be met: You must be unmarried. At the time…