Division Of Retirement
How Does Divorce Affect Retirement Assets?
Dividing up assets during a divorce is a daunting task. It can be especially overwhelming when you have to deal with complex assets such as retirement accounts. With over 25 years of experience as a divorce attorney, I can help you clearly understand how to apply Illinois rules and law when dealing with you or your spouse’s retirement accounts.
I am attorney Cynthia L. Lazar. Having spent years presenting cases in the Lake County family court, I can provide you with vital information about what the court might look for when deciding complex property division matters.
How Is Marital Property Split?
In Illinois, marital property includes property acquired during a marriage. Marital property is subject to equitable distribution, which means that property is divided up fairly during the divorce. A fair distribution of property may not necessarily be an equal 50-50 split, however.
I regularly assist clients with retirement issues relating to:
- 401(k) plans
- IRA accounts
- Savings plans
- Qualified domestic relations orders (QDRO)
Valuing retirement assets can be difficult, depending on the type of plan in place. I will enlist the help of valuation experts to place a proper value on your retirement assets, while always looking out for your best interests so that your retirement assets are divided fairly.
Call Today For A Consultation
If division of retirement assets is an issue in your divorce, contact The Law Office Of Cynthia L. Lazar today at 847-680-8520 to set up an appointment with a knowledgeable property division lawyer. I will help you reach a solution that is in the best interests of all involved.