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Recognize the complex issues of asset division during divorce

High-asset divorces have special considerations that must be worked through if the marriage is going to legally end. These aren't always easy to figure out, but some patient investigation and thought can often help. We are here to help you to determine what options you have and what must be addressed in your case.

During the property division process, you will have to divide retirement accounts. This requires a special process because you will need a qualified domestic relations order so that you can transfer the correct amounts or make a withdrawal without facing an early withdrawal penalty.

These orders require you to work with the judge and the plan administrator because both have to approve the terms. There are specific penalties that occur if you don't get this done. You can't work around the need for the QDRO because the plan administrator can't go by what terms are included in a property division agreement.

You also have to think about how the remaining property will be divided. This includes all assets and debts. Typically, people will start with the larger, more valuable assets and then use the smaller assets and debts to even things out. We can help you to figure out what arrangements might be possible. It is a good idea to have a plan when you enter into negotiations so that you know what you are going to fight for -- and what you are willing to let go as a bargaining chip.

We realize that this might seem complicated, but we are here to work on your behalf to get things done so that you can move forward with your new life as quickly as possible.

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