When getting divorced, it's important to secure a reliable attorney for pension division. You don't want just any lawyer; not all are going to get you closest to the most potential out of your case.
It is important to keep the following four considerations in mind when choosing an attorney for your pension division:
You should also find a lawyer with a good reputation. This way, you know they will be straight with you and fight for what is best.
The third thing you should consider is cost. You need to make sure that you can afford their services.
For convenience, choose an attorney who is located in the same area as you.
Our attorneys make sure they meet the criteria to be one of the most reliable lawyers in Monterey, California.
A pension division attorney can help with a divorce settlement when you or your spouse have a pension. A pension division attorney can divide the pension fairly between the two of them.
The first step is to value the pension. This can be done by looking at the current balance of the pension, how long until retirement, and what the benefits are.
Once the pension is valued, the next step is to divide it between the two spouses. This can be done in a few different ways, but the most common way is to give each spouse a percentage of the total value.
For example, if the pension is worth $100,000, and the husband has 60% of the total, he would get $60,000 and the wife would get $40,000.
There are two main types of pensions: defined benefit plans and defined contribution plans.
A defined benefit plan is a type of pension where the benefits are based on a formula that takes into account factors like your salary and years of service.
A defined contribution plan is a type of pension where the benefits are based on how much you (or your employer) have contributed to the plan.
There are also hybrid plans, which are a mix of the two.
No matter what type of pension you have, it's important to get a Monterey pension division attorney to help you with the divorce settlement.
If you have any questions about choosing a Monterey pension division attorney, please contact us. We would be more than happy to help you through this process.
Having an attorney for the division of pension can ensure that you end up with an equal share, and paying lower taxes.
A pension division attorney will divide a pension between spouses during a divorce. They work with you and your spouse to determine how the pension will be divided during the events that lead up to or during the divorce, as well as help negotiate a fair settlement if nobody can agree on it.
Our office provides the paperwork, so you don't have to worry about all of that. We want to make sure that you understand what is happening with this process and give you support along the way.
If you need help dividing up assets, contact us for a consultation today. We would be more than happy to help.