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.
Uncontested Divorce:
Because Breaking Up Shouldn't Break the Bank!
Bates Family Law has streamlined the Uncontested Divorce process, offering divorcing couples in the Rochester area our most efficient and economical solution.
Estate Planning
Pensions and Divorce
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.
Dear Rochester, Retire Well Podcast
In this episode, David Pulcini welcomes guest Alison Bates, a matrimonial and family law attorney at Bates Family Law, P.C. Together, they discuss the financial and legal considerations that come with the divorce process and answer frequently asked divorce questions.
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