Dividing Pension and Retirement Benefits in an Austin High-Asset Divorce

Dividing pension and retirement benefits during a high-asset divorce in Austin can present a range of challenges. Disputes often arise over the valuation and ownership of retirement accounts, life insurance policies, and other long-term financial assets. In some cases, one spouse may have a strong emotional attachment to a particular asset, making it difficult to reach a fair resolution regarding its sale or division.

At Kimbrough Legal, PLLC, our compassionate and detail-focused divorce attorneys are here to guide you through every step. We work diligently to uncover the full scope of your marital assets, help all parties, and the court, understand their true value, and apply thoughtful but firm pressure when needed to keep your case moving forward. Our goal is to protect your interests while helping you reach a resolution that allows you to move on with confidence and peace of mind.

Common Hurdles in High-Asset Divorces

The financial security of future access to pension funds and retirement benefits can be equally crucial for both parties in a divorce.

These issues can be especially emotional and complicated when:

• One spouse was the primary breadwinner, while the other gave up a lucrative career for homemaking activities
• Both parties had successful careers, so there are numerous pensions, annuities, and 401ks involved on both sides
• One or both parties are nearing retirement age, and counting on those benefits paying out right away
• Some benefits were earned before the marriage, while others were earned during the marriage

Other assets that Austin couples might forget about are certificates of deposits (CDs), the cash value of whole life insurance policies, and other long-term investments. These also often become a point of contention when dividing assets for high-net-worth couples.

There are ways to split these funds fairly, and the court must be aware of every income source to make the division equal.

Texas Is a Community Property State

Under Texas law, retirement benefits earned during the marriage are typically considered community property and are subject to equal division. However, identifying, valuing, and dividing these assets can be a complex and sensitive process, especially when emotions run high or when the financial picture includes multiple accounts or long-term investment vehicles.

Sometimes, clients suspect their spouse is hiding assets from the accountant. These could include pension funds, CDs, annuities, the cash value of a whole life policy, or other retirement benefits. At Kimbrough Legal, PLLC, our Austin attorneys can help locate and present those funds to the court.

Call for Help Dividing Pension and Retirement Benefits During Your Austing Divorce

It takes a thoughtful, careful, and meticulous attorney to deliver the best results when dividing pension and retirement benefits in an Austin high-asset divorce, and we invite you to call us now to schedule your consultation. At Kimbrough Legal, PLLC, we recognize that every union is unique, and every family situation requires attention to detail and human compassion.

We look forward to earning your business with our outstanding customer service, so call now.