Pensions, IRA’s and 401k’s

New York Divorce Attorney Helping Clients Protect & Divide Retirement Funds & Pensions in Ulster, Orange, & Dutchess County

Living a comfortable life after you retire is one of your most important goals. Now that you’re facing divorce, how will you protect your financial interests. You need your retirement savings and are counting on your pension. Under New York’s Majauskas formula, pensions are characterized as marital property, subject to equitable distribution in a divorce property settlement. Make sure your lawyer knows how to protect your rights and interests.

How will the Majauskas formula affect your retirement funds? Under New York state law, one-half of the direct contributions and appreciated value of retirement savings accumulated over the course of the marriage is subject to characterization as marital property for equitable distribution to the other spouse in a divorce settlement. The calculation is known as the Majauskas formula.

Equitable distribution of retirement funds in almost all divorces will require the proper valuation and division of retirement benefits, including joint marital and separate property such as 401(k) plans, IRA accounts and pensions, which may not come payable until years into the future. Other challenging assets to value and divide include stocks, bonds and deferred compensation plans, which many people also count on as retirement funds.

Military Pensions Protection & Division Lawyer – Kingston, New Paltz, & Hudson Valley

If you are a military spouse or a member of the armed forces, there are special accountability mechanisms for military pensions and other military benefits that must be considered when retirement fund assets are divided in a divorce.

Protect Your Retirement in Your Divorce Settlement, Call Jonathan Katz

Learn about the ways a qualified domestic relations order (QDRO) can help you protect your financial interests for retirement. From my offices in Saugerties, the law firm of Jonathan D. Katz, Attorney at law has been representing clients of high net worth for more than 25 years in New York. Contact me to schedule a consultation regarding your New York divorce or legal separation.

Client Reviews
I was living a nightmare of being falsely accused in a judicial system that considers all fathers to be dead beat dads until proven innocent. Living out of state and facing the possibility of jail, I miraculously found Jon’s website and called his office. Within a week the tables were turned, the lies were exposed, and the harassment was stopped. If you need someone that will challenge the system, then you need Jonathan Katz. Greg Weaver
Jon’s integrity towards his clients is what makes him a standout attorney. He makes it a priority to know what's important to you. You’re not just a number. He is upfront with you right from the start. He will not string you along just for his financial benefit. He is only willing to settle the case if that's truly what you want. Anytime I called him I received a call back from him that day. Not someone else in the office. He is an attorney that has a passion for what's important to his clients. John Morrissey
Being a single mom, I had enough stress in my life. I had no idea how to go about protecting myself. My daughters were my priority. Jon walked me through the process. He turned a difficult time into a workable solution. Diane Chiriani
Jon thinks well, works to be clear and honest. He works to get to a strong argument. He seems to have a good working relationship with everybody at the courthouse. I get the feeling he has no trouble thinking like a judge. He is friendly and courteous. He doesn't overbill. He takes and returns calls promptly. His legal staff is friendly and competent. What's not to like? Rick S.
I liked that there was always transparency throughout my case. Genevieve H.