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How can you divide retirement assets after a divorce?

On Behalf of | Feb 21, 2022 | Family Law |

Divorce can be a very complex and contentious affair, especially when you have retirement assets that need to be divided. Factors to consider during a Texas divorce will concern your 401(k)s, pensions and many other assets that you may both possess.

How should you fairly divide your property?

There are many things to consider before you can arrive at a final settlement for your divorce. One of these will surely be how to divide the crucial assets that will impact your retirement. These are assets that need to be handled with the utmost care.

The ideal outcome will be to arrive at an arrangement that’s fair and that both parties are able to agree on. You can arrange for one party to keep the 401(k) in exchange for another asset of equal value, for example. You can also divide the 401(k) in a manner that is acceptable to both parties, whether that’s in half or another fair outcome. This may take some serious negotiation to arrive at.

Working through the legal process

You want to be sure that you and your former spouse can come to an agreement that ends your marriage in a satisfactory manner. To do this, you may well need to hire an arbitrator to value your assets and help divide them. If you aren’t able to agree on arbitration, you may need to litigate in order to resolve the issue.

You will need to have a thorough accounting of all of your assets to present to the court. Making this move in advance can help to save you a great deal of time, energy and money during the divorce process.