Clement Law Center - Federal Way Family Law Attorney
Free Initial Consultation
Our office is open. At Clement Law Center, the safety and wellbeing of our clients and employees come first. In response to COVID-19, court hearings and all conferences with client and prospective clients will be by phone. We are not conducting in-person court hearings or meetings. Our staff will often be working remotely during this time. Our office will be checking voicemail and will return client calls as soon as possible. We continue to offer free phone consultations.
We offer a 25% discount to First Responders and Health Care Workers
Quality Representation & Individualized Advocacy You Can Depend On

How to protect retirement savings in a divorce

On Behalf of | Jul 5, 2019 | Divorce

Divorce can present a major financial challenge for families in Washington at all income levels. In particular, how retirement accounts are distributed can make a big difference in the future stability of each party. The primary income earned may want to preserve as much as their earning as possible while a stay-at-home parent may be concerned that their lack of participation in the workforce has ruined their chances at a comfortable retirement.

When one person in a divorce has significantly more retirement savings than the other, making sure each party is treated fairly can be complicated. Like other assets, any contributions to retirement that occurred during the marriage can be partially claimed by the other spouse. Ex-spouses can also make partial claims on the pensions and social security benefits earned during marriage. A financial planner may be able to help establish the long-term value of such benefits.

Once divorced, each person should create a new retirement plan that accounts for their new situation. In some cases, it may be easier to save for a single person rather than a couple. People entering the workforce after a long absence may find planning a challenge. Each person’s retirement plan will be unique to their own income, age, living expenses, and a few other important factors.

When making decisions about spousal support, alimony, and other financial issues in a divorce, each party may benefit from legal representation. A lawyer might help their client negotiate or argue for favorable terms that will protect their financial future whether they were the sole income earner or a stay at home parent. Arrangements may be made amicably through mediation or settled in court if necessary.


Start Your Free Consultation

Our Office Locations

Federal Way Office
31919 1st Avenue South, Suite 103
Federal Way, WA 98003

Toll Free:888-351-6779
Phone: 253-954-3351
Fax: 253-815-8458
Federal Way Office Location

Seattle Office
3418 NE 65th St., Suite A
Seattle, WA 98115

Toll Free: 888-351-6779
Phone: 253-954-3351
Fax: 253-815-8458
Seattle Office Location

Bellevue Office
14777 NE 40th Street, Suite 206
Bellevue, WA 98007

Toll Free: 888-351-6779
Phone: 253-954-3351
Fax: 253-815-8458
Bellevue Office Location
FindLaw Network