How Will Divorce Impact Your Retirement Plans?

What will happen to your retirement accounts, health care benefits and real estate if you and your spouse decide to get divorced? How will these critical assets be distributed and debts paid? These are questions a qualified divorce lawyer can help answer.

At Moniz & Mendes, P.C., our Salem attorneys help clients in Salem, all of Essex County and surrounding communities in Massachusetts answer these questions, and make informed decisions regarding the division of retirement accounts.

What Our Clients Say: "Susie Moniz is without a doubt one of the best family attorneys in the Boston area. She is patient, understanding, compassionate and most important of all highly knowledgeable. She works for her client and in the best interest of her client while keeping an eye on the best possible outcome for the long term. I would highly recommend Susie." Read more testimonials.

Dividing A 401(k) Following Divorce And Other Retirement Asset Bisection

Our attorneys can help you properly evaluate and fairly divide any type of retirement asset, such as:

  • 401(k)
  • IRA
  • Pension
  • 403(b)
  • Investment portfolio
  • Brokerage account

We can also help you seek a qualified domestic relations order (QDRO) for any of these types of assets. We will also help you assess and take into account the tax implications involved when it comes to dividing retirement benefits.

It is also important to note that more and more "gray divorces" are occurring. This is when a couple chooses to stay together for the sake of their children until they are grown and out of the house or maybe they simply fell out of love but stay together until they are in an economically better position. Our Massachusetts divorce lawyers know that you may be concerned about your financial future if you are going through a divorce later in life.

If one spouse stayed primarily at home while the other was the bread winner, that person's Social Security benefits will no doubt be less than that of the working spouse. In this case, if you are over 62, you may be eligible for benefits based on your ex-spouse's income history. Let us investigate your options for you. We will also take any other factors into account that are relevant to your financial settlement situation.

Call 781-350-4963 For Help Dividing A 401(k) During Divorce

Contact us online, or call 781-350-4963 to schedule your free initial consultation with an experienced divorce lawyer at our Salem law firm.