Estate Planning

In New York State, all marital property is subject to the state’s Equitable Distribution Law. This includes, but is not limited to, assets such as real property, personal property, checking/savings accounts, and of course retirement accounts. Traditional/Roth IRAs, 401(k)s, 403(b)s, and 457(b)s are the types that most often come to mind and frequently are the simplest to deal with. Another type of retirement account that is waning in popularity and sometimes overlooked, but potentially holds the greatest value, is a pension.

In New York State, all marital property is subject to the state’s Equitable Distribution Law. This includes, but is not limited to, assets such as real property, personal property, checking/savings accounts, and of course retirement accounts. Traditional/Roth IRAs, 401(k)s, 403(b)s, and 457(b)s are the types that most often come to mind and frequently are the simplest to deal with. Another type of retirement account that is waning in popularity and sometimes overlooked, but potentially holds the greatest value, is a pension.