Splitting Your Retirement Plan During Divorce
Retirement assets, like your 401(k), pension and investments are often one of the largest areas of your marital property, and are subject to property division. As a result, your property division order can have a radical impact on your financial stability and your retirement prospects. Whether the plan is in your name or your spouse’s, your next steps will change your future.
Attorney Warren Welch has a long-standing reputation for excellence in handling property division matters for divorce clients in Rochester and throughout the State of New York.
What Is A Qualified Domestic Relations Order (QDRO)?
A qualified domestic relations order divides ownership of your retirement plans, including 401(k)s, 403(b)s and any other pension or employment-related plans under ERISA. QDROs manage non-named parties’ ownership interests.
QDROs are vital documents and can be highly complicated legal documents. Even simple mistakes can cost you large swaths of financial investments to which you are entitled, and finding out about these errors later, when your retirement and livelihood are at stake, is not an option. Warren Welch has handled numerous QDROs for clients in Rochester and throughout surrounding areas. He is prepared to protect your financial future.