Yes. In fact, in many cases, a spouse’s retirement account may be the most valuable marital asset. If a spouse accrued retirement benefits during the marriage, those benefits are subject to equitable distribution. For certain types of retirement benefits, it is not enough to simply look at a statement to determine the value of the accounts, it may also be necessary to retain an expert to value it. The division of retirement benefits can be a minefield for the unwary because they are subject not only to North Carolina law but also federal law and regulations. If a retirement account is distributed the wrong way, it could result in large, unexpected taxes and penalties that could have been avoided if distributed properly.
Coward, Hicks & Siler, PA, is a general practice law firm, whose lawyers are authorized and licensed to provide legal services in the State of North Carolina. We serve clients throughout western state, in Franklin, Sylva, Murphy, Cherokee, Bryson City, Waynesville, Highlands, Cashiers, Cullowee, Robinsonville, Brevard, Asheville and surrounding townships.
The main content of this site is updated as necessary to ensure accuracy. Blog posts are accurate as of the date of publication and are updated with new posts in the event of changes in the law. All material found on this website is primarily intended for the purpose of marketing, and to allow visitors to compare the services offered by Coward, Hicks & Siler with those offered by similar law firms.