property division Archives

Accuracy important when dividing retirement funds

Retirement funds can often be the largest single asset at stake in a divorce for couples in California who have decided to end their marriages. Because these accounts are so critical to the financial future and security of both parties, dealing with them can be one of the most contentious issues in divorce negotiations. Indeed, in a 2016 survey, 62 percent of divorce lawyers identified retirement accounts as one of the most difficult issues for their clients to address.

Tips for dividing retirement accounts during divorce

When a couple in California decides to get a divorce, they will probably need to divide their property. This might include a retirement account that was originally intended to cover both spouses. Depending on the sort of account, the division process may be simple or more complex.

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