Divorce Attorney in Kansas Explains Pension and Retirement Account Division: Essential Strategies and Compensation Tips
Understanding Pension and Retirement Account Division in Kansas Divorce Divorce is a challenging life event, and navigating the complexities of dividing assets, particularly pensions and retirement accounts, can add significant stress. In Kansas, these assets are often substantial and require careful consideration. This article provides an overview of how pensions and retirement accounts are divided in a Kansas divorce, offering essential strategies and compensation tips to protect your financial future. Kansas Law and Equitable Distribution Kansas operates under the principle of equitable distribution (K.S.A. 23-2802). This doesn't necessarily mean a 50/50 split, but rather a fair and just division of marital property. Marital property is generally defined as assets acquired by either spouse during the marriage, regardless of whose name is on the title. Separate property, which includes assets owned before the marriage or received as gifts or inheritance durin...