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Attorney Jorge L. Gonzalez

How Retirement Accounts Are Handled in a Divorce

On Behalf of | Feb 10, 2020 | divorce lawyers near me

Divorce can be a difficult time for many people to go through, especially later in life when you’re also handling retirement accounts. It may seem confusing to deal with, which is why we at the Law Offices of Jorge L. Gonzalez, P.A. want to take a moment and talk about it. We’re a legal office that specializes in Family Court, and we’ve provided a Hialeah divorce lawyer for many Hialeah, FL residents who were in need of a dedicated divorce attorney. We can use this experience to inform you about what you need to know about handling retirement accounts during divorce cases.

Handling Retirement Accounts During a Divorce

If you haven’t thought too much about divorce, you might not have thought much about how personal assets are divided during one. A part of this process is all about dividing marital property that the ex-spouses had collected over the course of their marriage. A house is a great example–who gets it? These can be tricky to handle, even when the ex-spouses came to a mutual agreement on the divorce and aren’t hostile. When it comes to retirement accounts, they will also be divided between the parties of the divorce.

In regards to Florida, this is considered an “equitable distribution” State which can be described as a “fair distribution” State. Basically, the Court will use a number of factors to determine what is fair to each member of the divorce. Some of these factors include:

  • Marriage length
  • Each spouse’s financial state
  • Each spouse’s contribution to the marriage
  • Each spouse’s debts

In the case of retirement, the amount of the plan that was built during the duration of the marriage will be split among the ex-spouses, in more typical cases.

Why Consider a Hialeah Divorce Lawyer?

Regarding family law in general, having a lawyer is the most effective way to protect yourself and other family members. Things can easily get complicated when handling all kinds of family cases, whether domestic violence, divorce, child custody, or others. Even in the best case scenarios, such as a mutual divorce with no hard feelings, having lawyers can help each client establish their boundaries to ensure that everything goes smoothly and that no one is taken advantage of. Handling these cases yourself can leave you vulnerable to exploitation or unfair treatment that can have a lasting impact on your life. For these reasons, considering a lawyer is something everyone should do when faced with family law cases.

Contact Us for a Divorce Attorney

When you’re in need of a Hialeah divorce lawyer, then look no further than the Law Offices of Jorge L. Gonzalez, P.A. Our skilled attorneys work hard to help ensure that you are provided with the appropriate protection and compensation for your cases. When faced with family law, you need a divorce attorney well-versed in the system that’s looking out for you so that you aren’t taken advantage of. These are critical times that can have life-long consequences, so contact us in Hialeah, FL for all your questions regarding your case.