Qualified Domestic Relations Order (QDRO)
If you are a divorcing couple with high net worth, there is no way of getting around it. Your lawyer will need to work closely with independent financial professionals to ensure your separate and marital assets and property are characterized and valued correctly. Most people have a good idea of what their net worth is on paper, but getting to the heart of the appreciated value and the future value of intangible assets such as future earning potential is best left to experts.We Work With QDRO Experts to Get Your Settlement Right
The right QDRO specialist will be an asset to your financial interests throughout your settlement negotiations. A QDRO is intended to prevent having to split retirement accounts prematurely, which would incur great tax losses and a diminishment of the overall marital estate. The QDRO leaves funds intact while providing for equitable distribution of the value of retirement benefits that will accrue from funds earned during the marriage.
The truth is, you will need to spend additional money to get these experts involved in establishing an equitable Qualified Domestic Relations Order (QDRO) that the courts will take seriously and accept. At the law firm of Jonathan D. Katz, Attorney at Law, I have earned the respect of many of New York’s leading QDRO developers. We work with the best to ensure that the complicated details in your high asset divorce are considered correctly, including:
- Valuation of a business or professional practice
- Real estate property values
- Division of retirement assets and retirement plan distribution of pension, IRA and 401k
- Overseas assets, tax shelters, hidden assets
- Life insurance policies
- Current and appreciated value of investments such as stocks, trusts and tax shelters
- Value of intangible assets, including education and career
- Equitable distribution of marital debt
Not all New York family law attorneys offer the same level of personal attention to important details of getting your QDRO right the first time. Contact my offices in New Paltz, New York, to arrange a consultation with me today. Discover the difference an experienced lawyer will make in protecting your future.