Thomas Law OfficesCompassionate Guidance. Powerful Legal Advocacy.
Call Today For a Free Consultation
LA 818-538-8637 OC 949-342-8426
Practice Areas

Protecting retirement plans in the midst of divorce

California residents who work hard to save for their retirement could find that a divorce can often erase these efforts. It is necessary to realize that there are so many types of retirement assets that the rules governing division of them could play an important role in the final value both for the original account holder and for the party receiving part or all of such an asset. Guidance can be extremely helpful as these issues are considered before and during the proceedings.

Retirement accounts do not necessarily reflect the current earnings of an individual, which makes a full review of the financial affairs of both parties important. Someone who earns a modest wage could have an excellent retirement plan that a spouse might not be aware of. A complex asset division situation could arise as 401(k) accounts, company pensions and investment portfolios are evaluated. A lack of knowledge could result in a spouse giving up interest in a valuable plan or incurring huge tax liabilities because of the receipt of a tax-deferred account.

An account might be deemed to have a certain value at the time of separation, but market activity could increase or decrease that value significantly later on. Some retirement accounts could be liquidated under certain conditions by an individual in need of cash, but others might not be accessible until the primary account holder reaches retirement age. Imminent financial needs and long-term goals may play a large part in seeking an interest in one type of account or another.

Before initiating a divorce, an individual might find it helpful to discuss the situation with a family law attorney to identify goals and to understand how the process will take place. In some cases, the attorney might recommend negotiating a settlement if the couple remains relatively amicable towards each other.

No Comments

Leave a comment
Comment Information

Woodland Hills Office
21800 Oxnard Street
Suite 850
Woodland Hills, CA 91367

Toll Free: 818-538-8637
Phone: 949-342-8426
Map & Directions

Newport Beach Office
620 Newport Center Drive
Eleventh Floor
Newport Beach, CA 92660

Toll Free: 949-342-8426
Phone: 949-342-8426
Map & Directions

  • Best Attorney in the Valley!

    Kendra Thomas is one of the best attorneys I have ever worked with. Kendra and her team at Thomas Law Offices are compassionate and able to get to the heart of the matter. Not only can she quickly take in information, she can also think outside of the box to implement an effective game plan…. - Joseph, a Corporate client

  • Amazing Family Law Advocate!

    Kendra is a very thorough attorney. She paid great attention to detail. She is a pitbull in the courtroom and received compliments from the judge. We won a majority of our motions. I found her to be reasonable and understanding. I highly recommend her!- William, a Divorce client (5 star review)

  • One of the Best Advocates Around!

    I had a complicated case with a lot of assets. We had a business to divide and could not make heads or tails of it. My previous
    attorney messed up the case. However, when we found Thomas Law, the attorney was able to get to the bottom of how our assets should be divided.
    When Ms. Thomas presented the case, the judge realized that she knew her stuff. I had a very good experience with this firm.- Mae, a Family client (5 star review)

  • Competence! The Best Family Law Attorney Around!!

    When I first came to Kendra, was in a panic state. However, after meeting Kendra, I panic no more. I was in a case, where I was being worked “real good”, with an ex who is relentless with absolutely no morals. However, after being in the courtroom with Kendra, I do not believe that he will ever take me back to court. We got everything we wanted. Kendra knew what to ask and how to strategize the case. I would HIGHLY recommend Kendra to anyone involved in a high conflict divorce and/or child custody dispute.- Sharon, a Family client (5 star review)


    I am so grateful to have found Attorney Kendra Thomas to help me through a difficult divorce. She was amazing in getting me the justice I deserved. I have never heard of an attorney that returns calls promptly however Ms. Thomas and her assistant return calls in the same day. She is brilliant both in her intellect and strategy. I will continue to use her in ANY legal matter I am engaged in.- Mary, a Family client (5 star review)

How Can We Help You?

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy