Texas Retirement Accounts and Divorce Lawyer
Texas courts have ruled that any amounts of money accumulated in a pension, 401(k) or other retirement account over the length of a marriage is considered marital community property and subject to fair valuation and distribution in a divorce settlement. The future earnings of the accumulated community property must also be taken into consideration for equitable distribution. If one spouse prematurely withdraws money from a retirement plan for the purposes of hiding the asset prior to filing for divorce, it can be considered marital fraud and subject to full restitution and valuation.
If you are considering filing for divorce in which a pension or retirement fund will be a major consideration, make sure your attorney understands the laws regarding a qualified domestic relations order (QDRO) that will include your full share of a pension or retirement account. The family law attorneys of Kerr, Hendershot & Cannon have more than 30 years of experience fighting to protect our clients' financial interests in divorce settlements that include substantial pension and retirement funds. As well as our own experience and knowledge, our divorce attorneys also work with independent QDRO specialists and financial actuaries to determine the fair future value over your lifetime.
Both spouses are considered full partners in the future earnings from all money contributed to a pension or retirement account during the course of the marriage.
We have experience in all areas of complex divorce matters relating to QDROs and fair division of marital property, including:
- High net worth divorce settlements
- Pensions and retirement account valuation and distribution
- Family-owned businesses
- Real estate valuation and division
- Asset protection and uncovering hidden assets
Talk to a Houston Property Division Lawyer You Can Trust
From our offices in Houston and Corpus Christi, we represent clients in family law courts throughout South Texas. Contact our offices to arrange a consultation with a knowledgeable Texas divorce lawyer today.
