Dividing Financial Assets During Divorce
During a marriage, most couples work together to put money into their savings and retirement accounts. In some couples, both spouses contribute equal amounts. Other times, one spouse is responsible for funding the account. Regardless of who is contributing money, when a marriage ends, the 401(k) and pension must be divided between the two parties.
Generally, all marital property is divided equitably between the two spouses. If you have questions about how your property will be divided, an experienced Plymouth divorce lawyer can help. At Miller & Bartnicki, P.C., we can help make sure your property is divided equitably.
Preparing Qualified Domestic Relations Orders
When many retirement plans are transferred, a Qualified Domestic Relations Order (QDRO) must be prepared. We work with individuals to make sure the interest and finances are properly transferred from one spouse to the other. We help clients determine how the account will be divided, who will get paid out and who the beneficiaries will be.
Many professionals who open their own businesses operate family businesses. Unfortunately, when a marriage ends, the repercussions may carry into the business. We work with business valuation experts, accountants and other professionals to valuate and divide family-owned businesses during divorce.
Contact Canton Marital Property Division Attorneys
Learn more about the representation we offer individuals throughout southeastern Michigan by contacting us online or call 734-455-1230 to schedule your free initial consultation with an experienced attorney.