12 March 2013 0 Comments

Divorce & Retirement

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There is no question that divorce can be a truly life-altering experience. Your finances may change radically. Your last name may change. You may even choose to move to a new location, remarry, and build a new family with a new spouse.

Retirement benefits are one of the many issues that may need to be settled in divorce proceedings. For example, if one spouse participated in a 401K plan through his employer during marriage, his wife would be entitled to some of the benefits when he retired. But when a couple divorces, it is necessary to plan for division of the benefits-either immediately or upon the employee-spouse’s retirement.

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