Houston Retirement Plans Lawyers
The retirement plans of either spouse may be the most valuable assets at stake during a divorce. Often, the question of who is entitled to what lies with the characterization of the retirement plan benefits as either separate or community property. Community property is characterized as property that was acquired by either spouse during the marriage, while separate property refers to benefits earned before the start of the marriage, gifts, inheritance, and property acquired under a few other special circumstances.
Division of retirement plans during a divorce can be a long and difficult process, and as such, it is advisable to seek professional legal assistance. The talented family law attorneys of Holmes, Diggs & Sadler in Houston are here to help explain your rights and ensure that the retirement plans are divided fairly. Contact our offices today at (713) 802-1777 for help.
Types of Retirement Plans
Often, the fair division of retirement plans will require a Qualified Domestic Relations Order (QDRO). A QDRO is a special type of court order that will divide certain retirement plans in a divorce including:
- Pension plans
- 401(k)s or 403(b)s
- Individual Retirement Accounts (IRAs)
- Profit sharing plans
- Tax-sheltered annuities
If you do not obtain a QDRO during your divorce proceeding, you may forfeit all of the benefits you might otherwise be entitled. A Houston retirement plans lawyer can help you with this process.
Contact a Houston Retirement Plans Lawyer for Help
The Houston family law attorneys at Holmes, Diggs & Sadler have experience in a wide variety of retirement plan division cases, and we are here to help make sure you are fairly represented. If you are going through divorce proceedings in Houston and are looking to receive your fair share of assets, contact our offices today at (713) 802-1777.