New Braunfels, Texas Retirement Account Division Lawyer

Retirement Asset Division Attorney Serving New Braunfels

401(k)s, IRAs, pensions, and other benefits are often among the most valuable assets a couple owns. Understanding how these various benefits will be divided during a divorce is crucial for protecting your financial future. Attorney Brandon Wong has been representing clients in family law cases for more than 15 years, and he has guided countless clients through the intricacies of dividing retirement funds and other assets in divorce. With over 225 five-star reviews on Google and other sites from clients he has helped, he is known for delivering favorable outcomes through strategic representation.

Understanding Retirement Fund Division

Contributions made to retirement funds during a couple's marriage are subject to division upon divorce, no matter whose name is on the account. However, contributions made before the marriage typically remain the separate property of the contributing spouse.

When retirement accounts are divided, Texas courts aim to ensure a fair and just division of these assets, considering each spouse's financial situation, the length of the marriage, and the needs of both parties post-divorce. Attorney Brandon Wong has a deep understanding of the financial nuances involved, and he works to ensure that his clients receive a fair share of these critical assets.

Types of Retirement Accounts in Divorce

• 401(k) plans: Marital assets will include the portion of these accounts that were contributed during a couple's marriage, as well as any funds matched by an employer. These assets are considered community property that is subject to division.
• Individual Retirement Accounts (IRAs): These may include both traditional and Roth IRAs, which are divisible in a divorce if contributions were made during a marriage.
• Pension plans: Defined benefit plans provide retirement income based on a person's years of service and salary. These benefits can be particularly complex to divide, and a qualified domestic relations order (QDRO) can be used to ensure proper allocation of pension payments.
• Government and military pensions: These may include federal employee retirement plans, state pension plans, and military retirement benefits.

Factors Affecting the Division of Retirement Funds

• Each spouse's earning capacity: If one spouse earns a significantly higher income, the court may adjust the division of retirement funds to ensure that the other spouse's financial interests will be protected.
• Child custody: A spouse who has primary custody of a couple's children may receive a greater share of the couple's marital assets to ensure they can provide for the children.
• Pre-marital and post-marital contributions: Contributions made to retirement accounts before or after the marriage may remain separate property, while contributions during the marriage are subject to division.

Protecting Your Financial Future in a Divorce

Attorney Brandon Wong is dedicated to helping you achieve a fair distribution of retirement funds. He will take the time to understand your financial goals, and he will work tirelessly to protect your interests throughout your divorce proceedings.

Brandon Wong's experience with retirement fund division includes working on high-net-worth divorces, cases involving complex asset portfolios, and contested divorces where spouses cannot agree on the division of marital property. His commitment to his clients' financial well-being can help make sure you will be positioned for a stable future after your divorce is finalized.

Contact Our New Braunfels, TX Retirement Funds Division Attorney

If you are going through a divorce and need assistance with the division of retirement accounts, pensions, or other assets, contact Brandon Wong today. With his extensive experience in family law, he is prepared to address complex legal concerns and advocate for you. Attorney Wong's thorough understanding of retirement asset division will ensure that you will be prepared for the future. Do not leave your financial future to chance—trust attorney Brandon Wong to guide you through the complexities of retirement fund division. To schedule a consultation, call our office at 210-201-3832 for more information.