Pensions And Retirement Plans
The Retirement You Didn’t Plan For
As a married couple, you contribute to retirement plans with the idea that you will withdraw the funds and retire as a couple. When divorce enters the picture, the withdrawal from a retirement plan becomes complicated. Gibson Law Offices, with more than 18 years of family law and divorce experience in Kentucky, is fully prepared to unweave the fabric of a joint retirement plan into two separate pieces of cloth.
Our law office takes a big picture view of pensions and retirement plan assets. Retirement funds are another piece in the puzzle as couples find a way to divide their assets. Our job as your law firm, is to provide you with the best advice possible, develop a strategy that we think will work and negotiate with your spouse and his or her lawyer to reach a solution.
It is a common sense approach to a very difficult issue.
Louisville Lawyer With Retirement Plan Experience
Next to the value of a home, the retirement plan is the large net worth asset that most married couples have. As with all other assets accumulated during a marriage, it is a joint asset even if it is in one person’s name. In some cases a retirement asset is exempt, and we can help you determine if that is the case with your asset
The types of retirement plans with which we are familiar include:
- Company pensions
- Military pensions
- IRAs — Roth or SEP or Individual
Legal Advice Considers Long-Term Goals
Dividing your retirement plans is similar to dividing the rest of your marital assets. How you do it depends on your long-term goals. Is your goal to keep the family home? To cash out? To downsize and save? Is something worth standing up and fighting for?
There are as many long-term goals as there are individuals. When you hire our law firm, Ken Gibson will negotiate and try to make sure you get what you want — whatever that is.
Free Initial Consultation to Move Forward
If you are a business owner or spouse of a business owner who is contemplating a divorce or been served with divorce papers, contact Gibson Law Offices for legal help. Your choice of attorney matters. Call our number, 502-403-2798, for a free initial consultation with Ken Gibson, or send us an e-mail.