Dividing Retirement Assets & Debt in Somerset County
Seek Client-Focused Representation from SWLD
The division of property accumulated during a marriage (equitable distribution) is often one of the most contentious aspects of a divorce or dissolution. The caliber of your legal counsel can make a major difference in the way your property is distributed.
At Shimalla, Wechsler, Lepp & D’Onofrio, LLP, our Somerset County asset and debt division attorneys are experienced in negotiating agreements that provide our clients with the assets to which they are entitled.
As necessary, we work with appraisers, business valuation experts, and accountants to obtain accurate values of property such as:
- Real estate
- Stock options
- Sole proprietorships
- Retirement assets
- Valuable collections
- Personal property
Our lawyers will work diligently to protect your financial security in the time following your divorce.
Retirement savings and pensions can be a couple’s most valuable assets. There are legal procedural requirements for dividing retirement assets that require professional legal support.
Under New Jersey law, you are entitled to equitable division if your spouse’s retirement account was established and/or grew from contributions made during the course of your marriage. We understand these requirements and can help with the allocation and division of pensions and retirement plans through Qualified Domestic Relations Orders (QDROs) and Domestic Relations Orders (DROs). Even though your marriage has ended, you can still protect your rights to retirement account benefits that will be paid in the future.
Qualified Domestic Relations Orders (QDROs)
Qualified Domestic Relations Orders are court orders that govern the division of certain retirement benefits following a divorce. These can be pensions, 401Ks, or other retirement plans. The QDRO instructs the retirement plan administrator on how benefits will be divided between the two spouses.
Domestic Relations Orders (DROs)
We also assist clients with Domestic Relations Orders (DROs) for nonqualified plans. These include retirement benefit plans for teachers, firefighters, police officers, and government employees.
In reality, it is only results that count. I could not be happier with the outcome of my case.- Hank
She is a true professional, and she is very kind and patient.- KellyAnn
Very responsive to calls & emails. Documents were impeccable. Was treated with the utmost of respect. 100% recommend.- Robert Rozek
Our firm’s attorneys have over 110 years of combined legal experience.
Our firm focuses on Family Law and offers a full spectrum of services.
We focus on getting the best result for each of our clients.
We create tailored strategies & solutions based on client needs.