Dividing Pensions, IRAs And 401(k)s In A High-Asset Divorce

One of the most important assets that will come up during the property division aspect of your divorce is your retirement account. Because retirement accounts play a huge role in your financial stability later in life, it is imperative that the division of your accounts be handled by attorneys who have the experience to make sure it's done correctly.

At Testa & Pagnanelli, LLC, in Philadelphia and Norristown, we have over 15 years of combined experience practicing family law in Pennsylvania, including Montgomery, Delaware and Bucks counties. We have helped nearly every one of our divorce clients through the process of dividing different types of retirement accounts, including:

  • 401(k)s
  • Pensions
  • IRAs

Qualified Domestic Relations Orders

In order to divide some retirement accounts, including 401(k)s and certain pension plans, you must have a qualified domestic relations order (QDRO). A QDRO allows you to divide an account without incurring any penalties.

In order to be effective, however, a QDRO must be filed early and properly. Filing a QDRO after a divorce settlement is finalized can lead to serious problems. We know that your share of a pension or retirement account may not be protected without a QDRO. We will carefully assess your accounts to determine the proper way to prepare your QDRO so there are no surprises later on.

Schedule Your Free Consultation Now

To ensure that your retirement accounts are handled properly and fairly, it is important to contact us soon. To schedule a free consultation with one of our lawyers, call 215-392-0863 or 866-201-1112. You may also contact us online.