Plumides, Romano, and Johnson, PC

Plumides, Romano, and Johnson, PC

  • FacebookFacebook
  • LinkedInLinkedIn
  • YoutubeYoutube
  • TwitterTwitter
  • Google My BusinessGoogle My Business
  • 704-333-9900
  • Home
  • Our Team
    • Gregory Plumides
    • Michael Romano
    • Richard B. Johnson
    • Toni Primiano
    • David M. Krusch
    • Clint Davis
    • Edward S. (“Ted”) Shapack
    • Our Staff
    • Our History
  • Practice Areas
    • Family
      Law
    • Criminal Defense
    • Personal Injury
    • Workers Compensation
  • Education Library
    • Family Law FAQ
      • Child Support Calculator
    • Criminal Defense FAQ
    • Personal Injury FAQ
    • Workers Compensation FAQ
    • Video Center
  • Testimonials
  • Blog
  • Contact

Dealing with a Thrift Savings Plan during a divorce

August 18, 2017

North Carolina residents who work or have worked for the federal government and whose marriages are ending may find that their divorce can become complex when it comes to a federal Thrift Savings Plan. While there is no federal law that requires a worker to share his or her TSP account balance with a former spouse, a court could potentially award a certain portion.

Before a portion of the TSP can be awarded to the former spouse, it requires a Retirement Benefits Court Order. The RBCO can be a court decree of divorce, a legal separation or an annulment. In some cases, a Qualified Domestic Relations Order could potentially qualify as a RBCO. The court may order the TSP account to be frozen, meaning no withdrawals or loans can be taken from that account, until the divorce has been finalized.

Because dividing up federal benefits in a divorce can be difficult, there is a booklet available for the TSP called Court Orders and Powers of Attorney. This 31-page booklet has pertinent information when it comes to drafting documents that meet court standards.

Some individuals who have been preparing for retirement may suddenly find that their financial plans are interrupted due to the end of their marriage. If a person has multiple retirement accounts and benefits from long-term employment, dividing these assets up can be difficult and, in many cases, confusing. People who are in this position may want to have the assistance of their family law attorney when attempting to negotiate an appropriate settlement agreement.

Recent Posts

  • Child custody decisions can be affected by living arrangements
  • Can a DWI Affect My Child Custody Case?
  • Workplace and Divorce
  • I Lost My License – How Am I Supposed to Get to Work?
  • When Divorce Mediation Isn’t Appropriate

Categories

  • Blog (28)
  • Child Custody (20)
  • Criminal Defense (26)
  • Divorce (58)
  • Domestic Violence (6)
  • Drug Charges (14)
  • Drunk Driving Charges (18)
  • Family Law (8)
  • Felonies (6)
  • Firm News (1)
  • High Asset Divorce (17)
  • Marriage – Pre-nup (8)
  • Traffic violation (2)

Archives

  • August 2021 (14)
  • July 2021 (2)
  • June 2021 (2)
  • May 2021 (1)
  • April 2021 (11)
  • February 2019 (1)
  • December 2018 (1)
  • November 2018 (2)
  • October 2018 (2)
  • September 2018 (5)
  • August 2018 (5)
  • July 2018 (5)
  • June 2018 (9)
  • May 2018 (3)
  • April 2018 (6)
  • March 2018 (6)
  • February 2018 (5)
  • January 2018 (6)
  • December 2017 (5)
  • November 2017 (7)
  • October 2017 (4)
  • September 2017 (2)
  • August 2017 (5)
  • July 2017 (3)
  • June 2017 (4)
  • May 2017 (3)
  • April 2017 (3)
  • July 2015 (2)
  • June 2015 (2)
  • May 2015 (2)
  • April 2015 (2)
  • March 2015 (3)
  • February 2015 (2)
  • January 2015 (2)
  • December 2014 (3)
  • November 2014 (2)
  • October 2014 (2)
  • September 2014 (2)
  • August 2014 (2)
  • July 2014 (2)
  • June 2014 (2)
  • May 2014 (2)
  • April 2014 (2)
  • March 2014 (2)
  • February 2014 (2)
  • January 2014 (2)
  • December 2013 (1)

What our clients are saying

Mr. Romano is an amazing family law attorney.  He has been my attorney for over 5 years and I have never been disappointed.  His experience and expertise in Family law, in my opinion, supersedes all others in the field.  Mr. Romano and his team are very knowledgeable, thorough, professional, and personable. I highly recommend Mr. Romano and his team without reservations. If you're in need of a Family law attorney, Mr. Romano is your guy!
-Ivette C
You never know all the questions you should ask so it was a blessing that they listened and provided plenty of recommendations as well as assisted with claim, deeds etc. They know what to expect and provided a service without being pushy and will go at a pace you want and explain the laws so that you can understand all the legal speak.
-Paul S

CONTACT US

You deserve to have a skilled legal advocate on your side who will protect your best interests. We will do just that.

To schedule a consultation, please call our office in Charlotte at 704-333-9900, or contact us online. Plumides, Romano & Johnson

2115 Rexford Road, Suite 320 Charlotte NC 28211
704-333-9900
704-358-0536

 

charlotte-family-divorce-separation-alimony-childsupport-dui-dwi-defence-trial-attorneys

Plumides, Romano & Johnson, PC

Explore

  • Home
  • Our Team
  • Practice Areas
  • Contact Us

Resource

  • Education Library
  • Testimonials
  • Blog
  • Sitemap

Follow

  • Facebook
  • LinkedIn
  • Youtube
  • Twitter
  • Google My Business

Legal

  • Disclaimer
  • Privacy
704-333-9900
CONTACT US
2115 Rexford Road, Suite 320 Charlotte NC 28211

Child Support Calculator
x