Ciancio Ciancio Brown, P.C.
Book Now

Denver (303) 395-4773 Broomfield (303) 872-8919

Breckenridge (970) 285-3077 Toll-Free (800) 746-3560

We want to assure you during these challenging times that Ciancio Ciancio Brown, P.C. is open for business and providing our full range of legal services. Our attorneys, paralegals, and staff are available to meet with you for new and existing legal matters by conference call and video conferencing. Please call our main line at 303-451-0300 and we will get you connected. We are here to assist you with all of your ongoing legal needs.

Leaders in Litigation

Division of retirement accounts can be complex during divorce

Divorce can be a possibility for people of every age. For older Colorado couples, divvying up assets such as retirement accounts can render the process that much more difficult. Here at Ciancio Ciancio Brown, P.C., we can provide those seeking a dissolution of their marriages with the information they need to better navigate asset division and other complex divorce matters.

CNBC details some of the issues that must be considered when dividing a retirement account during divorce proceedings. Understanding the total value offered by a specific account is an important matter. Accounts are taxed differently depending on the type in question, which can play a role in the final amount. For instance, some accounts require taxes to paid as contributions are made, while others are only taxed upon payout.

Ownership of accounts is another concern for many couples. In this case, it’s a good idea to update name designations on financial accounts after divorce. Failure to do so could end in assets being distributed to the wrong person, as well as lengthy court battles. Couples should also be aware that in a majority of divorce cases money accrued during the course of the marriage will most like be split evenly.

Some spouses may desire to retain the family home in exchange for their share of financial accounts. This is not recommended, as in many instances retirement accounts are not accurately valued and may end up providing more funding than initially expected. This decision can also actually increase costs down the line since homes will most likely require an influx of cash for maintenance and other expenses. If you have questions about asset division during divorce, please visit our website. 

Email us your case details

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Broomfield Office
390 Interlocken Crescent
Suite 350
Broomfield, CO 80021

Toll Free: 800-746-3560
Phone: 303-872-8919
Fax: 303-464-8000
Broomfield Law Office Map

Denver Office
1660 Lincoln Street
Suite 2000
Denver, CO 80264

Toll Free: 800-746-3560
Phone: 303-395-4773
Denver Law Office Map

Breckenridge Office
106 North French Street
Suite 230
Breckenridge, CO 80424

Toll Free: 800-746-3560
Phone: 970-285-3077
Breckenridge Law Office Map

Privacy Policy | Business Development Solutions by FindLaw, part of Thomson Reuters.