{"id":3439,"date":"2014-02-21T14:18:42","date_gmt":"2014-02-21T20:18:42","guid":{"rendered":"http:\/\/bgs.com\/?p=3439"},"modified":"2014-02-21T14:18:42","modified_gmt":"2014-02-21T20:18:42","slug":"how-can-i-protect-my-retirement-assets-in-a-minnesota-divorce","status":"publish","type":"post","link":"https:\/\/www.bgs.com\/blog\/2014\/02\/21\/how-can-i-protect-my-retirement-assets-in-a-minnesota-divorce\/","title":{"rendered":"How Can I protect My Retirement Assets in a Minnesota Divorce?"},"content":{"rendered":"

This is a complicated question. There\u2019s no action that you can take that will guarantee that you get to keep every cent of your retirement account.<\/p>\n

However, there may be things that you can do to keep more of your retirement account.<\/em><\/strong><\/p>\n

Retirement accounts are often mixed property.<\/h3>\n

Retirement accounts<\/a> are often a mix of marital and non-marital property. This can help you keep more of your retirement account when assets are divided.
\nThough there are situations where the court will award a portion of non-marital property to the spouse (up to \u00bd) it seldom happens.
\nSo if you can prove that a portion of your retirement account is non-marital property you may keep more of that money. To do this you will have to gather all of your financial records, and you may need to consult with an accountant.
\nIt is up to you to prove that the property is non-marital.<\/a><\/p>\n

\n

\"Divorce\"<\/a><\/p>\n

\n

Make it a priority.<\/h3>\n

If your retirement assets are your biggest priority, ask yourself what you\u2019re willing to give up in order to keep all, or most, of that money. You may be able to put together and offer an equitable distribution package that your spouse will accept. Consult your attorney for help with this.<\/p>\n

Make sure the accounts are valued correctly.<\/h3>\n

It\u2019s really important for you to make sure that the accounts are valued correctly if you want to protect your investments. Those valuations will be different depending on whether you are dealing with an IRA, a pension, or a 401(K)-type account. A 401K\/403B or IRA is far more straightforward than a pension, keeping in mind there is a difference between a traditional IRA and a Roth IRA. Pensions should be valued by an actuary who specializes in valuing pensions in divorces.<\/p>\n

Get help!<\/h3>\n

If you\u2019re ready to seek a divorce<\/a> an experienced divorce attorney is one of the best ways to protect your retirement accounts. Call\u00a0Barna, Guzy & Steffen<\/a>\u00a0for a consultation today.<\/p>\n","protected":false},"excerpt":{"rendered":"

This is a complicated question. There\u2019s no action that you can take that will guarantee that you get to keep every cent of your retirement account. However, there may be things that you can do to keep more of your retirement account. Retirement accounts are often mixed property. Retirement accounts are often a mix of marital and non-marital property. This can help you keep more of your retirement account when assets are divided. Though there are situations where the court will award a portion of non-marital property to the spouse (up to \u00bd) it seldom happens. So if you can prove that a portion of your retirement account is non-marital property you may keep more of that money. To do this you will have to gather all of your financial records, and you may need to consult with an accountant. It is up to you to prove that the property is non-marital. Make it a priority. If your retirement assets are your biggest priority, ask yourself what you\u2019re willing to give up in order to keep all, or most, of that money. You may be able to put together and offer an equitable distribution package that your spouse will accept. Consult your attorney for help with this. Make sure the accounts are valued…<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[21],"tags":[],"coauthors":[],"yoast_head":"\nHow Can I protect My Retirement Assets in a Minnesota Divorce? - Barna, Guzy & Steffen, LTD.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bgs.com\/blog\/2014\/02\/21\/how-can-i-protect-my-retirement-assets-in-a-minnesota-divorce\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Can I protect My Retirement Assets in a Minnesota Divorce? - Barna, Guzy & Steffen, LTD.\" \/>\n<meta property=\"og:description\" content=\"This is a complicated question. There\u2019s no action that you can take that will guarantee that you get to keep every cent of your retirement account. However, there may be things that you can do to keep more of your retirement account. Retirement accounts are often mixed property. Retirement accounts are often a mix of marital and non-marital property. This can help you keep more of your retirement account when assets are divided. Though there are situations where the court will award a portion of non-marital property to the spouse (up to \u00bd) it seldom happens. So if you can prove that a portion of your retirement account is non-marital property you may keep more of that money. To do this you will have to gather all of your financial records, and you may need to consult with an accountant. It is up to you to prove that the property is non-marital. Make it a priority. If your retirement assets are your biggest priority, ask yourself what you\u2019re willing to give up in order to keep all, or most, of that money. You may be able to put together and offer an equitable distribution package that your spouse will accept. Consult your attorney for help with this. Make sure the accounts are valued...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bgs.com\/blog\/2014\/02\/21\/how-can-i-protect-my-retirement-assets-in-a-minnesota-divorce\/\" \/>\n<meta property=\"og:site_name\" content=\"Barna, Guzy & Steffen, LTD.\" \/>\n<meta property=\"article:published_time\" content=\"2014-02-21T20:18:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/bgs.com\/wp-content\/uploads\/Divorce-150x38.png\" \/>\n<meta name=\"author\" content=\"Elizabeth A. Schading\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Elizabeth A. 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