Will I lose my Pension as a Result of Divorce?
Our partner Amy L. Miller Esq. joined Jacobs Berger, LLC in 2017 and continues to focus solely on family law issues. Amy’s practice is in the area of family law including divorce, mediation, custody, visitation, alimony, and domestic violence.
In the video, Amy talks about important information you should need to know when it comes to the division of assets and specifically pension related issues.
During a divorce one of the issues, that the court has to address or the parties need to agree upon, if they are going to reach a resolution outside the court, is how to distribute all of the assets which will include your pension. Most cases settle, and the benefit of that is that if keeping your pension is something that is important to you, you have the opportunity to try to craft a settlement that will allow you to potentially keep your pension in exchange for something else.
How Does the Exchange of Assets Work in a Settlement?
So, the settlement is often a give and take of different assets, different debts, different obligations and one of the issues that can be discussed and hopefully resolved in a way that is satisfactory to you is allowing you to either keep your pension or maybe keep most of your pension in exchange for some other benefit that you give your other spouse. So, there is always an opportunity in a settlement to try to negotiate and craft a resolution that allows you to meet your goals.
Consult Morris County Asset Division Lawyers today
If you have questions about how to handle assets in your divorce process and pension is one of those assets you want to keep, you need to contact Jacobs Berger. Amy L. Miller Esq as the rest of our family law and divorce specialists are ready to guide you and discuss your particular case today. Call us to begin at 973-710-4366 or fill out our online contact form.