Retirement Benefits in Florida
Panama City Divorce Attorney Representing Your Retirement Case
During the divorce process, marital property gets divided between both spouses involved. In the state of Florida, the spouses' retirement benefits are identified as marital property which too must be divided. This can be a rather complex and difficult process to handle without the presence of an attorney by your side. As an experienced divorce law firm in Panama City, we understand the complexities that arise when dividing retirement benefits. We are committed to guiding you through the legal steps involved and want to provide you with the exceptional counsel you deserve.
Utilize a QDRO for Your Retirement Benefit Needs
Dividing a retirement plan between spouses is never an easy process to go through: dividing it the wrong way can result in severe tax consequences. Our Panama City attorney can assist our clients in creating a qualified domestic relations order (QDRO) that will help them successfully transfer over a portion of their retirement plan to the other spouse involved. This court order allows for them to transfer money into the other individual's retirement account without being taxed on the transaction. Instead, it leaves the other individual responsible for paying taxes at the time of the withdrawal.
Discuss your case with a Panama City family law attorney!
It is important to create a QDRO with a family law attorney before the divorce is final. This way, both individuals involved can work out all of the kinks and make sure that the court order fulfills their individual needs. At Seaton Law Offices, P.A., we are determined to thoroughly evaluate your situation and create a course of action that meets your individual needs. We would be happy to discuss your concerns and see to it that you get the exceptional legal representation you deserve. You have worked extremely hard to achieve your retirement plans and do not deserve to be unfairly taxed or divided improperly.
Contact our Panama City family law firm to discuss your retirement benefit needs with our qualified attorney!