Other than your marital home, your retirement account or pension is probably the biggest single asset you’ve accrued over the course of your working life and your marriage. You’ve probably spent years investing and saving for your potential retirement. When you divorce, it’s only normal to want to know what you’ll have to work with to rebuild. Unless you have a valid prenuptial agreement, chances are good that the courts will decide how to handle the division of your assets. Since every couple has unique assets and circumstances, every divorce has a unique outcome. However, understanding the laws about equitable distribution in Alabama can help you understand what will probably happen with your retirement account or pension. The courts won’t care whose name is on the account One common misconception among people approaching divorce is that retirement accounts held in one spouse’s name are separate property. Some retirement funds could … Continue reading What happens with retirement accounts or pensions in a divorce?