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Divorce Team Radio - Your Source for Divorce and Family Law Matters

38 - Dividing up Retirement Accounts the Right Way in a Divorce with Matt Lundy

Oct 12, 2017
Matt Lundy, an expert in dividing retirement accounts in divorce cases, discusses the importance of properly dividing retirement assets post-divorce. He emphasizes the misconceptions, tax advantages, and complexities involved in dividing 401ks, IRAs, and pension plans. The podcast covers the intricacies of navigating retirement account division across states, managing court processes, and ensuring clear agreements to avoid complications.
46:50

Episode guests

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Quick takeaways

  • Understanding nuances of dividing retirement plans is crucial in divorce settlements.
  • Clear valuation dates and descriptions are vital for smooth division of federal retirement accounts.

Deep dives

Retirement Account Division in Divorce Cases

Retirement accounts, often overlooked before divorce, become significant assets during the process. Understanding the nuances of dividing retirement plans, like 401ks and pensions, is crucial. A common formula used is the coverture fraction to determine the marital portion, offering protection to current plan participants' future earnings. Processing fees by plan administrators must also be factored in negotiations to avoid unnecessary conflicts.

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