Early withdrawal.

Many retirement accounts such as a 401(k) involve funds matching through an employer and a set date when the funds can be accessed. Withdrawing these assets before the access date is costly, and both parties can be subject to penalties or increased taxes for early withdrawal. An attorney can advise you on how best to avoid early-withdrawal penalties and tax consequences.

Individual provisions.

Pension and retirement plans have a number of provisions and exceptions that must be addressed during a divorce. For instance, an ex-spouse may lose his or her rights to survivor benefits if a partner dies before retirement. An attorney should calculate the additional cost for life insurance for former spouses, as well as the value of the lost benefit.

Do You Need To Speak To A Rhode Island Divorce Attorney?

If you are considering a divorce you need to speak with an experienced Rhode Island divorce attorney as soon as possible. Please contact us online or call our Warwick office directly at 401.946.3200 to schedule your free consultation. We help divorce clients in Providence, Warwick and all areas of Rhode Island.

 

Christopher L. Russo
Helping Rhode Island personal injury victims for nearly three decades to get the compensation they deserve.