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high asset divorce Archives

Why does the valuation date matter in your divorce case?

Given the emotion that goes into a divorce in Hot Springs, one may easily anticipate tempers flaring over many of the aspects related to property division. You might not think that the date that your marital assets are valued is important, so long as they are valued at all. Yet as surprising as it may seem, the valuation date in a divorce case can become a hot-button issue (especially when there are a considerable amount of assets subject to appreciation and depreciation). 

Dividing up a 401k

The decision to get a divorce in Hot Springs touches off a flurry of activity that must occur before a marriage is officially dissolved. Among the most complex processes (and potentially most contentious) is the division of marital property. Many often overlook the fact that contributions made to a retirement account (such as a employer-sponsored 401k) during a marriage are also listed amongst a couple's shared assets (if an employer matched an employee's contributions, those funds are considered marital assets, as well). Divorcing spouses have options when dividing up 401k funds, so research should be done to determine which would be most advantageous. 

Whether you need guidance through divorce, a personal injury lawsuit or any other of our practice areas, we encourage you to contact our office as soon as possible: 501-623-9800

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Tapp Law Firm | 424 Ouachita Avenue | Hot Springs, AR 71901 | Hot Springs Office Location

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