Dividing Teacher Retirement Benefits In Divorce
In some situations, teachers’ retirement benefits are not divisible by law. This does not mean that such benefits cannot be divided during divorce, it only means that the state will not take on the responsibility. In many cases, the school district simply lacks the time and resources to divide teachers’ retirement accounts and pensions.
What does this mean for you? It means that if you or your spouse is a Georgia teacher and you are going through divorce, it is important to seek the assistance of a skilled property division attorney to help fairly divide this asset.
Based in the greater Atlanta area, the lawyers at The Siemon Law Firm have significant experience with the division of retirement accounts and other complex financial matters in Georgia. We are one of the largest family law firms in the state, and we combine a team approach with personalized representation to promote our clients’ interests in the most effective manner possible.
Offsetting School District Benefits With Other Marital Assets
In many cases, we can offsite teachers’ retirement accounts with other marital assets. This means that the teacher will keep his or her retirement benefits and the other spouse will receive other assets of equal value.
If there are no other assets (such as real estate, bank accounts, etc.) to equal the value of the school district benefits, then we can help parties craft an agreement to divide payments. Each time the teacher receives a pension check, for instance, he or she can give the ex-spouse part of that money.
Well Versed In Other Property Division Issues
Beyond dividing teachers’ retirement assets, a divorce involves a range of additional property division issues that must be addressed. Each case is unique, depending on the size of assets each party in the divorce may have, his or her background, and any special circumstances that are involved in the particular divorce. Drawing on the experience of an entire team of divorce lawyers, we can help you explore your options.
Arrange A Personal, Confidential Consultation
The experienced attorneys at The Siemon Law Firm are here to answer your questions and meet all your family law needs. During an initial, confidential consultation, we will listen to your concerns and discuss the options available for achieving your goals.
Schedule a consultation with one of our lawyers today in Alpharetta, Atlanta, Cumming or Marietta by calling us at 770-888-5120, or complete the online contact form. We respond to all inquiries as soon as possible.