The division of retirement plans in a divorce can be a long and arduous process. Often, the retirement plans and associated benefits can be the most valuable assets at stake during divorce proceedings. Additionally, when determining which spouse is rightfully entitled to what, it can be difficult to characterize the assets as either separate or communal property.
Types of Retirement Plans
To make sure your rights and interests are protected during the retirement plan division, it will probably be necessary to acquire a Qualified Domestic Relations Order (QDRO). A QDRO is a court order that will aid in fairly dividing the following retirement plans and benefits:
- 401(k)s or 403(b)s
- Profit-sharing plans
- Individual Retirement Accounts
- Pension Plans
- Employee stock ownership plans
- Tax-sheltered annuities
For help acquiring a QDRO in your divorce, it is advisable to seek professional legal help.
Contact a Houston Family Law Attorney for Help
At Holmes, Diggs & Sadler, we understand that dividing assets in a divorce can be a difficult and emotional process. We are here to help ensure you are fairly represented throughout the proceedings. If you are going through a divorce in Houston and are seeking help with the fair division of retirement plans and other assets in your marriage, contact our offices today at (713) 766-5355 to speak with an experienced family law attorney.