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How are retirement benefits divided in a divorce?

For many Cranberry Township residents, retirement accounts are one of the largest assets a person has besides their marital home. The division of property is one of the touchiest areas of a divorce, and this can include retirement accounts. So, how are retirement accounts handled in a divorce situation?

No one expects their marriage will end in a divorce situation and for many a divorce is an extremely emotional time. It can be hard to deal with the trauma of the situation and also figure out property division at the same time. But, assets need to be divided and it is in the best interest of both parties to make sure they are divided fairly. Retirement accounts are generally divided as follows: any retirement benefits that were acquired during the marriage are subject to division; benefits that were acquired before the marriage or after the separation remain with the spouse who acquired them.

As with any aspect of a divorce, the separation of retirement accounts can get tricky. It is important to get the right information about how the division of property works in a divorce and what Pennsylvania residents need to do to make sure their needs are taken care of. Doing so can help those who are going through this family law process emerge from the divorce ready for a fresh start.

Dividing retirement accounts is one of the most important parts of a divorce. It is important that a person has the necessary knowledge to understand how the retirement accounts are divided and what options are available to them during a divorce.

Source: key.com, "Splitting the retirement accounts", accessed on Feb. 6, 2017

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Haller & Imbarlina, P.C.
20120 Route 19, Suite 208
Gigliotti Plaza
Cranberry Township, PA 16066

Phone: 724-935-0820
Fax: 724-779-6299
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Haller & Imbarlina, P.C.