Divorce Fast & Easy In Michigan

S4 Ep38: 3 Ways to Protect Retirement in Messy Divorce


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Divorce brings many worries, especially regarding retirement funds. People spend years building these funds, and a divorce could risk them. There are strategies to safeguard retirement accounts during such times.

*Prenuptial agreements specify that retirement funds remain with one individual in case of a divorce, benefiting those with established retirement plans or remarriages. *Identifying retirement assets is crucial, especially distinguishing self-managed accounts like IRAs from other assets, ensuring they're recognized as unique retirement accounts. *Mixing retirement assets with marital assets, or commingling, should be avoided to prevent them from being treated as joint property. *Assets accumulated before marriage are generally safer and considered separate from marital assets. *Accounts built during the marriage, like a 401(k), are often seen as marital assets and are more challenging to protect in a divorce.

In divorce scenarios, protecting retirement funds requires careful planning and clear distinctions. Understanding the nature of assets and avoiding mixing them with marital funds is key. These measures, though not foolproof, provide a level of security for retirement savings amidst the challenges of a divorce.

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For additional information, watch these videos: Smart Ways To Divide Retirement Assets During Divorce - ChooseGoldmanlaw https://www.youtube.com/watch?v=7we4zRl6Ze0

[Can My Retirement Benefits Be Affected By My Divorce] - ChooseGoldmanlaw https://www.youtube.com/watch?v=_9WIxDvBY50

For more information, read blog below: https://akivagoldman.com/blog/divorce/3-ways-to-protect-retirement-in-messy-divorce

#Michigandivorce #Michiganretirement #Michiganfamilylaw #ProtectingRetirementDuringADivorce #ChooseGoldman  #ChooseGoldmanLaw  #Goldmanandassociateslawfirm

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Divorce Fast & Easy In MichiganBy Akiva Goldman


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