GRAND RAPIDS MICHIGAN DIVORCE ATTORNEY – RETIREMENT BENEFITS
When you are facing a divorce and have questions about your retirement benefits in the Grand Rapids area, it is important to have the representation of a good divorce attorney. Krupp Law Offices P.C. is located in Grand Rapids, Michigan and has been providing quality divorce representation for over 85 years. If you are facing a divorce and have questions about retirement benefits, call the divorce attorneys at Krupp Law Offices P.C. for a free phone consultation. During your phone consultation, our attorneys will provide you with immediate answers to your questions and schedule an appointment with one of our attorneys.
CALL FOR A FREE PHONE CONSULTATION AT 616-459-6636.
DIVORCE - RETIREMENT BENEFITS IN MICHIGAN
In Michigan, retirement benefits are considered a marital asset if they are accrued during the course of the marriage. The court even has the discretion to consider premarital retirement benefits as part of the marital estate to be divided, but it would be highly unlikely to do so. Retirement benefits would include profit sharing, defined benefit programs, IRA's, and any other benefits available on retirement. Retirement benefits are typically divided in two different ways. The Court can determine the current fair market value of the benefit and offset that benefit against another marital asset, such as equity in a home. Alternatively, the Court may order the pension divided by a Qualified Domestic Relations Order. This order would split the retirement benefit and allow the recipient to maintain it in its current form until retirement age or cash out the benefit and pay the taxes and penalties on the award.
Determining whether retirement benefits are a marital asset to be divided can be complex. Any divorce involving retirement benefits can be serious. As such, a party to a divorce should consult with an experienced divorce lawyer to evaluate the situation.
If you are facing a divorce, a good divorce attorney is not optional, it is a requirement! Our divorce attorneys can answer your questions with straight talk. Having the right divorce attorney on your side can relieve your stress during this difficult situation. Our attorneys have over 85 years of divorce experience. Our attorneys have extensive divorce trial experience including property settlements, spousal support, alimony, child custody, and other serious divorce related issues. Typical fees to retain attorney for a divorce case can range and from 1,500 dollars to as high as 5000 dollars. Considering the seriousness of this life changing event, it is extremely important to retain the services of an experienced attorney in the area of divorce.
Krupp Law Offices P.C.is located in downtown Grand Rapids, Michigan and has the right divorce attorney for you. We represent clients in all divorce matters throughout West Michigan, including the cities of Grand Rapids, Holland, and Grand Haven, and the counties of Kent, Ottawa, Allegan, Barry, Newaygo, Montcalm, Muskegon, and Ionia.
Call for a free phone consultation. Our office can help.
161 Ottawa NW Suite 404
Grand Rapids MI 49503