In a divorce settlement, are you showing up for your client or for the adversary across the table?
The Flawed Shortcut
Here’s the traditional way when dividing retirement assets: “Let’s make it easy. Let’s equalize all the retirement plans, split them down the middle, transfer from an IRA… and boom, we’re done.”
It feels like a win. It’s quick. It’s clean. It avoids that dreaded QDRO fee. And maybe, just maybe, it’ll keep the adversary off your back. But, in reality, it’s fundamentally misguided.
Because equalization costs clients more in the long run, both in time and money. These hasty divisions can:
- Eliminate penalty-free withdrawal options
- Create unexpected tax complications
- Reduce long-term financial flexibility
How to Truly Advocate for Your Clients
Of course, you want what’s best for your client! That’s why, when it comes to dividing retirement assets, you need a strategic, nuanced approach. That includes:
- Meticulously analyzing each retirement account’s unique characteristics
- Preserving critical financial privileges
- Designing settlements that protect long-term economic well-being
- Serving as a strategic advisor, not just a paperwork facilitator
A Call for Exceptional Attorneys
I’m here for attorneys who want more for their clients than “good enough.”
If you’re with a larger firm and want a private session for your team, click here to schedule a time.
Let’s redefine “standard practice” and ensure your clients get their fair share.
Are you ready to elevate your approach?