Protecting Pensions, Retirements And 401(k)s In Your Florida Divorce

Pensions, 401(k) funds and other retirements accounts are all considered property. Because Florida is an equitable distribution state, the courts will include all retirement accounts in the total list of property to be fairly divided between both parties.

The attorneys at Busciglio & Sheridan Law Group are dedicated to protecting our clients' best interests throughout the divorce process. We will be at your side at every step of the way.

Experienced Attorneys Here To Protect Your Retirement Assets

Many people enter into a marriage with a retirement account already in place. If that retirement account increases in value during the course of the marriage, it could be considered a marital asset during a divorce. However, if the exact value of the account at the time of the marriage can be proven, then it may be possible to protect that portion from marital property division negotiations.

Our attorneys will carefully examine all aspects of the marital property, including pensions, 401(k) accounts, military pensions, civil service pensions, post office pensions and other retirement benefits. We will provide you with a straightforward assessment of the options available to you, as well as the potential advantages and pitfalls.

Working to resolve disputes through negotiations between the parties and their lawyers is often to everyone's advantage because a judge can easily make a ruling that does not suit either party. However, we will not hesitate to litigate when a reasonable agreement cannot be reached outside of a court of law.

A Thorough Understanding Of Tax Implications And QDROs

Dividing a retirement account will sometimes require pulling money out of one account and moving it into another. Qualified domestic relations orders (QDRO) will divide a retirement plan without assessing the tax consequences usually associated with early withdrawal of funds.

Contact Our Tampa Family Law Attorneys Today

The attorneys at Busciglio & Sheridan Law Group represent clients throughout the Tampa Bay, Florida, region. Contact us at 813-302-1265 to arrange a consultation with one of our experienced Tampa lawyers.