Green Chesnut And Hughes PLLC
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December 2019 Archives

Dividing retirement assets in divorce need not be costly

Divorce can be a challenge to navigate in Kentucky and financial issues are perhaps the most challenging. It is particularly important that these accounts be handled correctly in order to avoid an unnecessary tax burden. IRAs and 401(k)s can both be divided without incurring penalties or taxes at the time of the split as long as the transactions are appropriately handled, thus maintaining the value of the retirement assets.

Green Chesnut & Hughes PLLC
201 E. Main St.
Suite 800
Lexington, KY 40507

Phone: 859-475-1628
Phone: 859-475-1471
Fax: 859-455-3332
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