Divorce doesn’t have to jeopardize your financial future
From 401(k)s and IRAs to pensions and stocks, there are a multitude of investment options available to those looking to safeguard their financial future.
As many non-experts know, however, navigating these various retirement and investment accounts isn’t always easy to do and sometimes necessitates the services of a certified financial planner to help ensure the right choices are made.
Unfortunately, the issue of retirement and investment accounts becomes all the more complicated when divorce becomes part of the equation.
Here in Maryland, we are an equitable division state. What this means is that the court will not automatically divide marital property in a 50-50 split, but rather in a manner it deems to be fair.
In general, marital property is viewed by the courts as anything acquired by the spouses during the course of the marriage. While this might seem like a simple idea, it can become considerably more difficult in divorces where couples have one or more of the following:
- Retirement accounts: 401(k)s, IRAs and others
- Investment accounts: Stocks, bonds and others
- Benefit plans
- Pensions: Both military and non-military
At the Law Offices of Todd Mohink, PA, we understand and appreciate all the time, energy and money you have invested into planning for your financial future and how you don’t want a divorce to jeopardize these plans.
We have extensive experience handling high-asset divorces, and, whenever necessary, will work alongside financial experts to conduct a comprehensive investigation to determine the fair value of retirement and investment accounts, and uncover any hidden assets.
In addition to helping fight for a fair division of these assets, we can also craft a strategy designed to minimize the potential tax consequences of any retirement account division.
A divorce doesn’t have to put your financial future at risk. To learn more about how we can help, please visit our website.