Jamie Graham & Associates, PLLC

Divorce and pensions

Many Texas residents and others around the country plan for their retirements over the course of several years. They work on their jobs and routinely save money that will be used when they are no longer employed. Often, in a marriage, one spouse may be the primary wage earner and be responsible for funding a retirement account. This is a common practice, and it poses no problem for couples who remain married. However, a couple who gets a divorce faces some challenges in how to deal with dividing retirement funds.

When a couple gets divorced, terms of how property shall be divided are included in the final decree. A question was submitted regarding an ex-spouse's pension plan. The agreement stated that the wife was to receive half of her ex-husband's retirement funds. However, there has been no contact between the former couple, and the woman did not know how to proceed.

Experts strongly recommend hiring an attorney to handle these details. Retirement funds and other assets to be divided represent a potentially large sum of money, and a certain expertise is needed in reaching a fair agreement. A lawyer would ensure that provisions to divide the property equitably are included in the decree. Certainly, if retirement funds are being addressed, a qualified domestic relations order, or QDRO, would be established.

There are countless issues to address when a Texas couple gets a divorce. It is important to have an advocate working to protect one's financial position, both currently and for the future. An experienced divorce lawyer will work on a client's behalf to achieve a favorable outcome in the proceedings.

Source: nj.com, "How to get an ex-spouse's pension", Karen Price Mueller, May 8, 2018

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A TOP-RATED LAW FIRM

At Jamie Graham & Associates, PLLC, we have received a variety of honors and awards for our family law services. Members of our team have been listed as Top Lawyers in San Antonio Scene magazine. We take pride in the number of positive reviews we have received from satisfied clients. On AVVO, a lawyer rating website, we have received an 8.9 rating overall and many positive ratings from clients and colleagues.

  1. Top 10 Attorneys | American Jurist Institute | 2017
  2. Avvo Rating | 8.9 | Excellent
  3. Avvo Clients' Choice Award 2015 | Jamie Lynn Heggy Graham
  4. Reviews | Out of 12 reviews | Jamie Lynn Heggy Graham | Avvo
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  6. San Antonio | Best S.A. | Lawyers | 2015
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Jamie Graham & Associates, PLLC
310 South St. Mary's Street
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San Antonio, TX 78205

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