Boston Divorce Attorneys Protecting Your Financial Future
We understand that a chief concern when entering divorce proceedings is how your assets will be divided. This is especially true for those who own businesses or possess a great number of complex assets or retirement holdings. In such cases, it can be extremely difficult to distribute assets in an equal or equitable manner. As a result, spouses worry a great deal about their financial futures.
At Richard C. Bardi & Associates LLC, our lawyers have decades of experience guiding individuals through all aspects of divorce. We have extensive courtroom experience, and have navigated many high-conflict and high-asset cases. To this end, we frequently collaborate with accountants and other financial professionals to develop an accurate appraisal of a couple’s holdings, ensuring that property is divided fairly and appropriately.
Understanding How Retirement Assets Are Divided
Couples put a lot of planning into their retirements. The prospect of divorce puts those plans in jeopardy. Especially for older individuals – who are divorcing at higher and higher rates – the prospect of parting ways can produce anxiety. Simply put, an attorney protects your rights and interests during divorce proceedings.
In most cases, the division of retirement assets is dictated by a qualified domestic relations order, or QDRO. A QDRO is a court-sanctioned decree that stipulates precisely how pensions, 401(k)s, Roth IRAs and other retirement holdings will be distributed. Specifically, they delineate what percentage of a given account each spouse will receive and for how many years. In this way, individuals who may not have had accumulated retirement earnings of their own can still collect payments from their former spouse.
The Division Of Business Holdings
Whether a sole proprietorship or jointly owned by the couple, businesses are also subject to property division. Yet this can imperil the business’s viability. With this in mind, our attorneys work with couples to help secure the futures of the enterprises they own and protect them from vulnerability.
The first step in the process is to properly evaluate your business’s worth. Our firm works with business and finance specialists to assess an entity’s proper value, and then we will assert your interests in negotiations with the opposition. Our approach is goal-oriented: In every case we take on, we take time to develop a full understanding of our clients’ priorities, and then set about achieving them. We have developed a reputation for success in such matters; indeed, a number of the individuals we represent are referred to us by former clients.
Providing You With Financial Guidance Through Divorce
To learn more, reach out to our firm by calling 617-227-4040. You can also contact us online. We look forward to getting started.