Looking Out For Your Long-Term Savings In Divorce
The financial changes brought by divorce will impact you for years, even decades after the process is final. In your divorce, you will have to address all marital assets, which includes anything earned, purchased or accumulated over the course of your marriage. This includes long-term savings and retirement accounts. Your future interests are at stake, but at Robert L. Isaacs & Associates, our Virginia family law attorneys are committed to protecting your long-term security.
For many people, their retirement savings are often the most important and valuable asset at stake in a divorce. Our team is committed to helping you make smart choices that will be beneficial for years to come, allowing you to look to the future with confidence. We are honest and upfront with our clients, helping them identify and pursue goals that are realistic and smart for their current concerns and their long-term well-being.
Will You Have To Change Your Retirement Plans?
If you earned it, you should be able to keep it, right? In reality, the retirement assets you accumulated while married are subject to division. However, this does not necessarily mean you will have to put your plans for your golden years on hold. We are adept at complex property division, and we will employ our experience and resources as we pursue a fair settlement. We also have financial professionals we work with in cases involving high-asset investment accounts and retirement plans.
How and when alternate payees, such as a former spouse, can access his or her share of retirement accounts depends on the type of account and other factors. We can assist with the process of drafting QDROs or ADROs that are important documents for dividing certain types of retirement assets. Our attorney Robert Isaacs and the rest of our team also help military personnel or spouses seeking an equitable share of military pensions.
Safeguard Your Future
When you work with one of our lawyers, you will work with someone who is genuinely committed to your future. We want to help you secure a final order that gives you peace of mind, whether you are close to retirement or decades away from this milestone. This is also a good time to revisit your estate plan and make necessary updates.