Northern Virginia Military Divorce Lawyers
The Thrift Savings Plan (TSP) is essentially the federal government's version of a 401(k) retirement account. The rules governing the division and disbursement of TSP accounts are completely different from those that govern private sector 401(k) accounts. Whether you are the federal employee or the spouse of one, it is important that you know your rights and options.
Any increase in the value of the TSP during the marriage is divisible as marital property. At the Nova Family Law Group, our Fairfax Thrift Savings Plans divorce lawyers represent federal employees, military servicemembers and their spouses in all aspects of TSP division. There are specific requirements and processes in place that need to be addressed in these matters, and it is essential that you have qualified counsel.
We have a complete understanding of the regulations surrounding the division of TSPs as part of a divorce. You can rely on us to pursue every legal option available in an effort to secure the most favorable possible outcome on your behalf.
Experience That Gets Results
This is a very specialized area of law and almost none of the same rules apply as those in the private sector. For example, spouses of federal employees or servicemembers can request a disbursement for the awarded amount prior to age 59 1/2 without penalty. In addition, the type of court order required for dividing the TSP is completely different from a traditional Qualified Domestic Relations Order (QDRO).
When you hire our firm, we will help you through the entire process with a constant focus on resolving the matter in a way the most benefits you. We will conduct a thorough review of your case and work to ensure that loans against the account and other relevant issues have been sufficiently addressed.
Discuss Your TSP Questions With an Attorney
To schedule an appointment, you can reach us by phone at 703-763-0980, toll free at 866-639-8801 or send us an e-mail.
